Alamo Community College District, Texas; General Obligation Jul 11
- ID: 1857488
- July 2011
- Region: Texas
- Standard & Poors
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
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Research Type: Full Analysis