Alamo Colleges’ Bond Ratings Remain High, Save Taxpayers Money
April 23, 2021
In good news for local taxpayers, S&P Global Ratings and Moody’s Investors Service credit rating services have affirmed the AAA/Aaa ratings on Alamo Colleges District’s bonds for tax-supported debt.
These are the highest levels these firms can assign - only 11 community colleges nationwide hold these ratings.
These independent credit rating agency reviews alert investors to the quality and stability of an issuer’s bonds, including future expectations and outlook. Higher ratings greatly influence the appeal of the bonds to investors, which translates into greater demand and results in a lower cost of borrowing, saving Alamo Colleges’ taxpayers money. An AAA/Aaa rating gives community members and taxpayers confidence in Alamo Colleges’ outstanding financial management and excellent board of trustees oversight.
Alamo Colleges has held the AAA/Aaa rating from Moody’s since 2010, and from S&P since 2016. S&P Global Rating also increased the rating for the district’s revenue supported bonds from AA- to AA.
At the Alamo Colleges District, high quality education and affordable costs provide exceptional value to students and alumni who are major contributors to the economy and culture of our community. For more information, go to https://www.alamo.edu.