FOR IMMEDIATE RELEASE
City College of San Francisco’s Financial Standing Strengthens with Outlook Upgrade and Affirmed A+ Rating from S&P
San Francisco, CA — October 10, 2025 — City College of San Francisco (CCSF) proudly announces that S&P Global Ratings has revised its outlook to Stable from Negative and affirmed the District’s “A+” long-term rating for its general obligation bonds.
This revision marks a significant milestone in the College’s financial and institutional recovery, reflecting the district’s improved accreditation status and the Accrediting Commission for Community and Junior Colleges (ACCJC)’s decision to remove CCSF from warning status and reaffirm its accreditation.
“This is a tremendous vote of confidence,” said Chancellor Kimberlee Messina. “It’s a clear signal that City College is on solid financial footing and well-positioned to continue serving San Francisco’s students for generations to come.”
The S&P report highlighted CCSF’s stronger-than-anticipated financial performance for fiscal years 2024 and 2025, crediting the College’s leadership for prudent fiscal management and successful implementation of reforms. S&P noted that while operating margins are expected to moderate in future years, the District’s healthy financial reserves provide essential flexibility to maintain stability and restore long-term structural balance.
“Our improved outlook reflects the unconditional dedication of our faculty, classified professionals, administrators, and students,” said Dr. Yulian Ligioso, Vice-Chancellor of Finance and Administrative Services. “We have demonstrated that City College is resilient, accountable, and committed to fiscal responsibility and student success.”
This announcement follows years of collaborative effort across the institution to strengthen accreditation, fiscal oversight, and community confidence. The Stable outlook reaffirms City College’s role as one of San Francisco’s most vital public education institutions: a beacon of opportunity, access, and upward mobility.
Media Contact: Alexandra Céspedes Kent, 510-413-8445, alexandra@volersa.com
About CCSF: Bringing instruction opportunities since 1935, City College of San Francisco is an urban community college serving tens-of-thousands of students annually at six locations throughout San Francisco. The College offers an affordable opportunity to earn associate degrees, prepare for transfer, pursue career and technical education, and personal development and enrichment. Visit: www.ccsf.edu
###