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Alamo Community College District, Texas; General Obligation Jul 11
Standard & Poors, July 2011
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 identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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