North Harris Montgomery Community College District, Texas; General Obligation Jul 07
- ID: 1887427
- July 2007
- Region: Texas
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA' rating, with stable outlook, to North Harris Montgomery Community College District, Texas' series 2007 limited tax refunding bonds. At the same time, Standard & Poor's affirmed its 'AA' standard long-term rating and underlying rating (SPUR) on the district's outstanding bonds. Bond proceeds will be used to refund a portion of the district's existing bonds. The rating reflects the district's: Inclusion in the deep and broad Houston MSA economic base, Large, diverse, and growing tax base, Stable enrollment trends, Diverse revenue mix of state funding, local property taxes, and student tuition, and A low direct debt burden, with limited capital needs and a declining debt service requirement. Partially constraining the rating are: The...
Companies mentioned in this report are:
- Lone Star Coll Sys
Action: New Rating
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Research Type: Full Analysis