FHDA Chancellor Martha Kanter speaks at the groundbreaking for the new student center in April.

The Foothill-De Anza Community College District received exceptional bond ratings from Moody’s and Standard & Poor’s.

The creditworthiness ratings were given in conjunction with the district’s recent sale of its final series of general obligation bonds. During the refinancing of certificates of participation in 2003, the district received

similarly outstanding bond

ratings.

“We’re proud to once again demonstrate to the community Foothill-De Anza’s judicious management of public funds and to maintain such exemplary ratings during a time of economic challenges for the state and for all community colleges,” said Chancellor Martha J. Kanter.

In its report, Moody’s cited the district’s continuing strong financial performance and strong management, noting its approach to enrollment management and the number of students served - about 44,000 quarterly - particularly given the broad array of community college options available to local students.

S&P noted the district’s strong financial operations, reserve funds and low debt burden. Both agencies also noted the economic strength of the local community.

“Excellent financial management of the district is crucial to our being able to serve students well in the programs and services necessary for their success,” Kanter said.

The Foothill-De Anza Community College District prepares students for careers and for transfer to four-year institutions. The district serves the communities of Los Altos, Los Altos Hills, Mountain View, Cupertino, Palo Alto, Sunnyvale and portions of San Jose.