|
|
 |
|
Viewing report
|
|
|
|
Alamo Community College District, TX's GO Debt Raised To 'AA+' On Maintenance Of Strong Operating Margins Aug 09
Standard & Poors, Aug 2009
Abstract
DALLAS (Standard & Poor's) Aug. 12, 2009--Standard & Poor's Ratings Services raised its long-term and underlying rating (SPUR) on Alamo Community College District, Texas' general obligation debt to 'AA+' from 'AA' based on the maintenance of strong operating margins, coupled with significant revenue raising flexibility. At the same time, Standard & Poor's assigned its 'AA+' long-term rating to the district's series 2009 maintenance tax notes. The outlook on all ratings is stable. In our view, the rating reflects the district's deep, diverse property tax base, including the San Antonio metropolitan statistical area, which is coterminous with Bexar County; strong assessed value growth of more than 49% over the past five years; sound financial position with a diverse revenue stream, adequate...
Companies mentioned in this report are: Alamo Comnty Coll Dist
Action: New Rating
Action: Outlook: Stable
Action: Upgraded
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
