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Alamo Community College District, Texas; General Obligation Jul 11 Product Image

Alamo Community College District, Texas; General Obligation Jul 11

  • Published: July 2011
  • Region: Texas
  • Standard & Poors

Abstract
Standard & Poor's assigned its 'AA+' rating to Alamo Community College District, Texas' series 2011 maintenance tax notes. At the same time, Standard & Poor's affirmed the 'AA+' rating and underlying rating (SPUR) on the district's existing general obligation (GO) debt. The outlook on all ratings is stable. The rating reflects our view of the district's: Deep, diverse property tax base, centered around San Antonio ('AAA/Stable' GO debt rating), the MSA for which is coterminous with Bexar County ('AA+/Stable' GO debt rating); Strong assessed value (AV) growth of more than 50% during the past five years; Sound financial position with a diverse revenue stream, adequate state support for operations despite tight state budgets, strong property tax growth, and solid reserves;...

Companies mentioned in this report are:
- Alamo Comnty Coll Dist

Action: New Rating

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and READ MORE >

- Alamo Comnty Coll Dist

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