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Summary: Harris County Municipal Utility District No. 290, Texas; General Obligation Product Image

Summary: Harris County Municipal Utility District No. 290, Texas; General Obligation

  • Published: March 2011
  • Region: Texas
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services affirmed its 'BBB' underlying rating (SPUR) on Harris County Municipal Utility District (MUD) No. 290, Texas' existing general obligation debt. The outlook is stable. The rating reflects our view of the district's: High overall net debt burden, and High direct property tax rate. These factors are mitigated, in part, by our view of the district's: Participation in the deep and diverse economy of the Houston MSA, and Strong financial position. An unlimited ad valorem tax levied on all taxable property within the district secures the bonds. Harris County MUD No. 290 encompasses approximately 851 acres in Harris County and is located about 25 miles northeast of Houston's central business district. The district is part of

Article Type:SUMMARY
Companies mentioned in this report are: Harris Cnty Mun Util Dist #290
Action: Affirmed
Action: Outlook: Stable

Harris Cnty Mun Util Dist #290

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