Maricopa Community Colleges receive AAA bond ratings - Ahwatukee Foothills News: Money

Maricopa Community Colleges receive AAA bond ratings

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Posted: Wednesday, May 22, 2013 10:29 am

Having once again received the trifecta of AAA ratings from the three major bond rating agencies, the Maricopa Community Colleges are readying to sell $151 million in General Obligation Bonds to finance a variety of construction projects throughout Maricopa County.

The sale, set for the end of May 2013, will mark the fifth time the District has gone to the bond market to borrow new funds for construction projects since 2004, when voters passed a $951.4 million bond referendum. At its April 26 meeting, the Governing Board authorized the sale of $151 million in bonds.

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