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Alamo Community College District, Texas; General Obligation Aug 06
Standard & Poors, Aug 2006
Abstract
Standard & Poor's Ratings Services assigned its 'AA' rating, and stable outlook, to Alamo Community College District, Texas' series 2006A limited-tax GO bonds. The rating reflects the district's: Deep, diverse property tax base, which includes the San Antonio MSA, that is coterminous with Bexar County ('AA'/Stable GO debt rating); Strong assessed value (AV) growth, which has increased by more than 35% over the past five years; Sound financial position with a diverse revenue stream, adequate state support for operations despite past tight state budgets, strong property tax growth, and solid reserves; Steady enrollment growth as headcount enrollment has increased by 24% to about 75,000 between fiscals 2000 and 2005 -- Officials are projecting enrollment to increase by another 25% over...
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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