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S&P Credit Research859 word report
published Nov 03, 2009
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| Abstract: | DALLAS (Standard&Poor's) Nov. 3, 2009-- Standard&Poor's Ratings Services assigned its 'BBB' long-term rating and stable outlook to Scurry County Junior College District, Texas' series 2009 consolidated fund revenue bonds. "The rating reflects the district's growing enrollment and a history of balanced operations on a cash basis," said Standard&Poor's credit analyst Bianca Gaytan-Burrell. "Further supporting the rating is the district's good revenue diversity from property taxes, grants and contracts, and state aid." Proceeds from the series 2009 bonds will be used to finance new student housing at the district's principal campus in Snyder, Texas. Scurry County Junior College District is located in Scurry County, Texas (AA-/Stable) approximately 85 miles southeast of Lubbock, Texas. It is
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| Brief Excerpt: | RESEARCH Ratings Definitions Scurry County Junior College District, TX's Consolidated Fund Revenue Bonds Assigned '###' Rating On Growing Enrollment Publication date: 03-Nov-2009 Primary Credit Analyst: Bianca Gaytan-Burrell, Dallas...
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| Report Type: | Ratings Action
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| Issuer: | Scurry County Junior College District
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| Sector: | Public Finance
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| Country: | United States
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| Region: | United States
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
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