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Lone Star College System, TX's GO Rating Raised To 'AAA' On Solid Financial Performance, Low Debt Jul 09 Product Image

Lone Star College System, TX's GO Rating Raised To 'AAA' On Solid Financial Performance, Low Debt Jul 09

  • Published: July 2009
  • Standard & Poors

Abstract
DALLAS (Standard & Poor's) July 24, 2009--Standard & Poor's Ratings Services said it raised the rating to 'AAA' from 'AA+' on Lone Star College System (formerly known as North Harris Montgomery Community College District), Texas' outstanding general obligation (GO) bonds. The outlook is stable. We also assigned a 'AAA' rating and stable outlook to the district's series 2009 limited-tax GO bonds. "The upgrade reflects the district's record of strong financial performance, low direct debt, and sizable and expanding tax base," said Standard & Poor's credit analyst James Breeding. The rating also reflects the district's: Inclusion in the Houston area's economic base; Stable enrollment trends; Diverse revenue mix of state funding, local property taxes, and student tuition; and Significant revenue-raising flexibility...

Companies mentioned in this report are: Lone Star Coll Sys FKA North Harris Montgomery Comnty Coll Dist
Action: New Rating
Action: Outlook: Stable
Action: Upgraded

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Lone Star Coll Sys FKA North Harris Montgomery Comnty Coll Dist

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