DALLAS — Standard & Poor’s raised its rating on the Texas Southmost College District’s general obligation debt to AA with a stable outlook from A-plus, as the issuer prepares to come to market next month.

Analysts said the upgrade reflects the district’s low tax rate, which provides significant taxing flexibility based on a large and diverse total assessed value of $9 billion, as well as state support in the form of educational and capital appropriations and “very competitive and low cost of tuition compared to other community college districts.”

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