Standard & Poor's Ratings Services assigned its 'AA+' long-term rating to Highland Village, Texas' series 2011 general obligation (GO) refunding bonds. At the same time, Standard & Poor's affirmed its 'AA+' long-term and underlying ratings (SPUR) on the city's outstanding GO debt. The outlook is stable. Credit factors supporting the 'AA+' ratings include our opinion of the city's: Access to the large and diverse north-central Texas employment base; Very strong wealth and income indicators; History of very strong reserve levels and conservative management practices; and Limited additional capital needs. In our opinion, these strengths are somewhat offset by the city's high overall debt levels and elevated carrying charges. The bonds are secured by unlimited ad valorem taxes levied within the...
Companies mentioned in this report are:
- Highland Vill
Action: New Rating
Action: Outlook: Stable
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