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Alamo Community College District, Texas; Tax Secured, General Obligation Mar 06
Standard & Poors, March 2006
Abstract
Standard & Poor's Ratings Services assigned its 'AA' rating, and stable outlook, to Alamo Community College District, Texas' $31 million in series 2006 maintenance tax notes and $61 million in series 2006 limited tax bonds. The 'AA' rating reflects the district's: Deep, diverse property tax base, which includes the San Antonio MSA and is coterminous with Bexar County ('AA'/Stable); Strong AV growth in the district, which has increased by more than 35% in the past five years; Sound financial position, with a diverse revenue stream, adequate state support for operations despite past tight state budgets, strong growth in property taxes, and good reserve levels; Steady enrollment growth as headcount enrollment has increased 24% to 74,903 between fiscals 2000 and 2005,...
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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