Southwest

With enrollment falling for the fourth year in a row, New Mexico State University has taken a Standard & Poor’s downgrade to AA-minus.

Financially stressed Graham, Texas, has seen its Standard & Poor’s rating fall out of the “A category” with the threat of further downgrades due to a negative outlook.

A positive outlook from Standard & Poor’s may lead to an investment-grade rating for the Decatur County Hospital Authority.

After achieving net present value savings of $65 million on a $764 million refunding, the North Texas Tollway Authority is preparing for its financial close on the deal Sept. 24.

With its largest U.S. project recently completed in Dallas, the nation’s top builder of private toll roads is preparing to pitch Colorado on a major redevelopment of Interstate 70 in metro Denver.

Brazos County wants a ruling from the state on property tax exemption of a bond-financed P3 dormitory at Texas A&M.

The affluent North Dallas suburb of Frisco, Texas, will share debt service with the Frisco Independent School District and a conduit issuer on $39 million of sales tax revenue bonds to improve a professional soccer stadium for the FC Dallas team.

The Texas Water Development Board plans to issue $886 million of bonds to fund a new program to fund water projects across the Lone Star State.

Falling oil prices caused Texas sales tax revenues to sag in August, bringing the state’s income slightly below projections for the 2015 fiscal year, Comptroller Glenn Hegar reported.

The University of Oklahoma Board of Regents is going to market with $245 million of taxable and tax-exempt bonds for improvements to the football stadium, its residential colleges and a parking garage, after Fitch & S&P downgrades.