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Summary: Albuquerque Tech Voc Inst, NM; Tax Secured, General Obligation Jun 01

  • ID: 1886434
  • June 2001
  • Standard & Poors

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

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- Central New Mexico Comnty Coll

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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