Bond rating agency Fitch has affirmed the AA+ ratings on Austin Community College District’s $82.7 million in outstanding limited-tax bonds.

“ACC remains committed to being good stewards of taxpayer funds,” says Ben Ferrell, executive vice president for finance and administration. “These ratings reflect a solid financial position.”

According to the agency, several factors support the outstanding rating, including:

• A diverse tax base that has had solid annual growth after a brief recessionary decline
• A robust area housing market, low unemployment, and above average income/wealth levels
• ACC’s history of sound, balanced fiscal practices

For details about the Fitch ratings, visit ACC’s Finance & Budget Reports webpage.