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Albuquerque Technical-Vocational Institute, New Mexico; Tax Secured, General Obligation Jun 01
Standard & Poors, June 2001
Abstract
The rating upgrade on Albuquerque Technical-Vocational Institute, N.M.'s limited-tax GO bonds 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 associate degree programs at four campuses. With a headcount enrollment of about 22,000, it is New Mexico's second-largest higher education institution. The district's fiscal 2000 assessed valuation (AV) totaled $9.1 billion--up 2.9% from the 1999 level. The 10 leading taxpayers account for a low 3.6% of the district's total AV. The district encompasses nearly all of Bernalillo County and part...
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: Full Analysis
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