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Summary: Burleson, Texas; General Obligation Apr 11

  • ID: 1712074
  • April 2011
  • Region: Texas
  • Standard & Poors
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Abstract
Standard & Poor's Ratings Services assigned its 'AA-'long-term rating and stable outlook to Burleson, Texas' series 2011 general obligation (GO) refunding bonds and series 2011 combination tax and revenue certificates of obligation. At the same time, Standard & Poor's affirmed its 'AA-' underlying rating (SPUR) on the city's outstanding GO debt. The 'AA-' rating reflects our view of the city's: Inclusion in the stable and diverse Fort Worth/Arlington metropolitan statistical area (MSA) economy and labor market; Strong financial position with stable operations and very strong reserves; and Diverse and expanding residential property tax base. The city's moderate overall net debt burden and growth-related capital needs constrain the rating. The city's full faith and credit pledge secures the bonds. A pledge...

Companies mentioned in this report are:
- Burleson

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying READ MORE >

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Burleson

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