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Summary: Burleson, Texas; General Obligation Apr 11

  • ID: 1712074
  • April 2011
  • Region: Texas
  • Standard & Poors

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

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