...The 'AA' IDR and ULT rating reflect the district's strong revenue growth prospects, strong gap-closing capacity, and moderate fixed costs. The district faces capital needs given its expectations of consistent, modest-to-moderate enrollment growth, elevating long-term liabilities but not to a level outside the moderate range. Economic Resource Base: The district is located east of the city of El Paso (general obligation bonds rated AA/Stable Outlook) in an arid ranching area that includes a portion of the Fort Bliss military installation and the Briggs Army Airfield. The district includes the city of Socorro, Horizon City, a portion of the city of El Paso and unincorporated areas of El Paso County....
