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Summary: Central New Mexico Community College, New Mexico; General Obligation Sep 11 Product Image

Summary: Central New Mexico Community College, New Mexico; General Obligation Sep 11

  • Published: September 2011
  • Region: Mexico, New Mexico
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AA+' long-term rating to Central New Mexico Community College, N.M.'s series 2011 general obligation (GO) bonds. Standard & Poor's also affirmed its 'AA+' long-term and underlying rating (SPUR) on the college's outstanding GO debt. The outlook on all ratings is stable. The ratings reflect our view of the college's: Participation in the Albuquerque metropolitan statistical area's (MSA) broad and diverse tax base; Positive enrollment trends, which help drive college revenues; Good finance performance in recent years, as evidenced by strong reserve levels; and Low-to moderate overall net debt burden. In our opinion, offsetting credit factors include recent declines in total assessed valuation (AV) and decreases in state funding in recent years. The series...

Companies mentioned in this report are:
- Central New Mexico Comnty Coll

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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- Central New Mexico Comnty Coll

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