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Alamo Community College District, TX GO Bonds Rated 'AA' On Sound Finances, Enrollment Growth Mar 07
Standard & Poors, March 2007
Abstract
NEW YORK (Standard & Poor's) March 9, 2007--Standard & Poor's Ratings Services assigned its 'AA' standard long-term rating, and stable outlook, to Alamo Community College District, Texas' $275 million series 2007 limited-tax GO bonds. In addition, the rating service affirmed its 'AA' standard long-term rating and underlying rating (SPUR), with a stable outlook, on the district's existing GO debt. The rating reflects the district's deep, diverse property tax base, including the San Antonio metropolitan statistical area, which is coterminous with Bexar County ('AA' GO debt rating, stable outlook); strong assessed value growth, which has increased by more than 47% over the past five years; sound financial position with a diverse revenue stream, adequate state support for operations despite past tight...
Companies mentioned in this report are: Alamo Comnty Coll Dist
Action: Affirmed
Action: New Rating
Action: Outlook: Stable
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.
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