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Albuquerque Technical-Vocational Institute, NM's Bonds Rated 'AA+'; Raised to 'AA+' Jun 01
Standard & Poors, June 2001
Abstract
NEW YORK (Standard & Poor's CreditWire) June 7, 2001-Standard & Poor's today assigned its double-'A'-plus rating to Albuquerque Technical-Vocational Institute, N.M.'s GO bonds series 2001 due Aug. 15, 2012. The bonds are scheduled to sell June 12, 2001. The outlook is stable. In addition, Standard & Poor's raised its rating on the institute's limited-tax GO bonds series 1993, 1994, and 1997 to double-'A'-plus from double-'A'. The rating upgrade reflects a long trend of solid financial management. Other rating factors include: -- The Albuquerque MSA's strong economic base, -- Solid financial operations and position, and -- Low debt. The bonds are backed by a five-mill limited ad valorem tax pledge. Albuquerque Technical-Vocational Institute is a two-year community college offering certificate and...
Companies mentioned in this report are: Central New Mexico Comnty Coll
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: 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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