{"id":657,"date":"2015-10-05T14:17:26","date_gmt":"2015-10-05T18:17:26","guid":{"rendered":"https:\/\/www.tsc.edu\/news-and-events\/2015\/10\/05\/sap-affirms-tscs-a-ratings-on-existing-revenue-bonds\/"},"modified":"2020-05-19T12:42:53","modified_gmt":"2020-05-19T16:42:53","slug":"sap-affirms-tscs-a-ratings-on-existing-revenue-bonds","status":"publish","type":"post","link":"https:\/\/www.tsc.edu\/news-and-events\/2015\/10\/05\/sap-affirms-tscs-a-ratings-on-existing-revenue-bonds\/","title":{"rendered":"S&P affirms TSC\u2019s \u2018A\u2019 ratings on existing revenue bonds"},"content":{"rendered":"

S&P, one of the world’s leading credit rating agencies, affirmed the ‘A’ long-term rating and underlying rating (SPUR) on TSC District’s existing revenue bonds in its latest report issued on Sept. 17, 2015. S&P also maintained its outlook of the College as positive.<\/p>\n

“Texas Southmost College is extremely pleased that Standard & Poor’s continues to recognize the arduous efforts of the College’s Board of Trustees and our faculty and staff,” said Dr. Lily F. Tercero, TSC president.
According to the report, the ratings given to TSC reflect S&P’s view of the District’s solid financial resources and positive operations that are consistent with the ‘A’ rating category.<\/p>\n

The report stated, “the college district has made substantial progress on mitigating the financial, operational and enterprise risks identified as a result of the dissolution of the partnership with the University of Texas Brownsville (UTB).”
S&P added that the ratings TSC received from S&P are a reflection of the College’s “strong financial resources for the rating category; a history of modest surpluses; diverse revenue stream with tuition; state appropriations and property taxes; strong growth in its tax base, a diverse economic base; and a nimble management team.”<\/p>\n

\"pdf\"RatingsDirect Analysis: Texas Southmost College District; Junior\/Commmunity College<\/span><\/strong><\/a><\/p>\n

About Texas Southmost College<\/strong>
Originally established in 1926, Texas Southmost College currently offers the first two years toward a bachelor’s degree, along with career and technical education leading to certificates and associate degrees, college preparatory studies to prepare students for college-level work, workforce training, and continuing education. TSC offers 53 programs of study leading to an associate degree or certificate. TSC became independently operational in the fall of 2013, after engaging in a 20-year contractual arrangement with a public university.<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"

College receives a positive outlook rating<\/h3>\n

\"Gorgas-Hall-News\"<\/strong>The Texas Southmost College (TSC) Board of Trustees and the administrative leadership team received a vote of confidence by Standard & Poor’s Ratings Service (S&P) for continuing to demonstrate sound and responsible stewardship of the College’s finances.<\/p>\n","protected":false},"author":141,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_gspb_post_css":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-657","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"yoast_head":"\nS&P affirms TSC\u2019s \u2018A\u2019 ratings on existing revenue bonds - News and Events<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tsc.edu\/news-and-events\/2015\/10\/05\/sap-affirms-tscs-a-ratings-on-existing-revenue-bonds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"S&P affirms TSC\u2019s \u2018A\u2019 ratings on existing revenue bonds\" \/>\n<meta property=\"og:description\" content=\"College receives a positive outlook rating The Texas Southmost College (TSC) Board of Trustees and the administrative leadership team received a vote of confidence by Standard & Poor's Ratings Service (S&P) for continuing to demonstrate sound and responsible stewardship of the College's finances.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.tsc.edu\/news-and-events\/2015\/10\/05\/sap-affirms-tscs-a-ratings-on-existing-revenue-bonds\/\" \/>\n<meta property=\"og:site_name\" content=\"News and Events\" \/>\n<meta property=\"article:published_time\" content=\"2015-10-05T18:17:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-19T16:42:53+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.tsc.edu\\\/news-and-events\\\/2015\\\/10\\\/05\\\/sap-affirms-tscs-a-ratings-on-existing-revenue-bonds\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.tsc.edu\\\/news-and-events\\\/2015\\\/10\\\/05\\\/sap-affirms-tscs-a-ratings-on-existing-revenue-bonds\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"S&P affirms TSC\u2019s \u2018A\u2019 ratings on existing revenue bonds\",\"datePublished\":\"2015-10-05T18:17:26+00:00\",\"dateModified\":\"2020-05-19T16:42:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.tsc.edu\\\/news-and-events\\\/2015\\\/10\\\/05\\\/sap-affirms-tscs-a-ratings-on-existing-revenue-bonds\\\/\"},\"wordCount\":324,\"commentCount\":0,\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.tsc.edu\\\/news-and-events\\\/2015\\\/10\\\/05\\\/sap-affirms-tscs-a-ratings-on-existing-revenue-bonds\\\/#respond\"]}],\"copyrightYear\":\"2015\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/www.tsc.edu\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.tsc.edu\\\/news-and-events\\\/2015\\\/10\\\/05\\\/sap-affirms-tscs-a-ratings-on-existing-revenue-bonds\\\/\",\"url\":\"https:\\\/\\\/www.tsc.edu\\\/news-and-events\\\/2015\\\/10\\\/05\\\/sap-affirms-tscs-a-ratings-on-existing-revenue-bonds\\\/\",\"name\":\"S&P affirms TSC\u2019s \u2018A\u2019 ratings on existing revenue bonds - 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