0 CHECKOUT

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

  • ID: 1887404
  • 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

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns READ MORE >

Note: Product cover images may vary from those shown

Lone Star Coll Sys FKA North Harris Montgomery Comnty Coll Dist

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

PLEASE SELECT A FORMAT

  • Quick Help: This Credit Rating Report will be emailed to you.

HAVE A QUESTION?

If you have a more general question about our products please try our

FAQ SECTION

RELATED PRODUCTS

Our Clients

  • Fluidigm Corporation
  • Apple, Inc.
  • CEVA Santé Animale
  • Abbott Laboratories Ltd.
  • Merck Group
  • Allergan Inc.
  • Pfizer, Inc.