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Summary: North Harris Montgomery Comnty Coll Dist, TX; Tax Secured, General Obligation Jul 02
Standard & Poors, July 2002
The limited tax GO building and refunding bonds issued by North Harris Montgomery Community College District, Texas are secured by a limited ad valorem tax pledge of the district. The upgrade to 'AA' reflects the district's: Significant tax base and student enrollment growth largely attributed to recent district annexations, and Decreased overall debt levels. Other rating factors include: Inclusion in the diversified Houston MSA service area economy, and Strong financial operations characterized by revenue diversity and flexibility. Offsetting credit factors include a significant, although manageable, capital program driven by rapid student enrollment growth and high, although diminished, overall debt to market value indicators. The North Harris Montgomery Community College District service area encompasses 11 member school districts and more than...
Companies mentioned in this report are: Lone Star Coll Sys FKA North Harris Montgomery Comnty Coll Dist
Action: New Rating
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Lone Star Coll Sys FKA North Harris Montgomery Comnty Coll Dist