Summary: Highland Village, Texas; General Obligation Apr 11

Standard & Poors, April 2011

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 an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

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

Highland Vill

Customers who bought this item also bought

• 2012 America's Neighborhoods-Zip Code 92346 for Highland, CA report
• America's Top-Rated Smaller Cities 2012/13 Edition
• 2009 Public Sector - UK Key Corporate Changes
• MSME Policies adopted by Indian Government
• Designing Local Skills Strategies
• Journal of Social Distress and the Homeless
• College and Career Ready. Helping All Students Succeed Beyond High School
• Charter Schools - Global Outlook
• Slovenia Defence and Security Report Q1 2012
• South Africa Defence and Security Report Q3 2011