Summary: Travis Cnty, TX; General Obligation, Local GO Aug 98
- ID: 1714494
- August 1998
- Standard & Poors
The rating on Travis County, Texas' debt reflects a strong regional economy diversified by a rapidly growing high-technology manufacturing sector that has stimulated related service sector investment and employment growth. Other factors include rapid tax base growth, strong financial management and reserve levels, and high overall debt ratios. Travis County encompasses the city of Austin. The state government and the University of Texas anchor the economy. Growth in electronic manufacturing, particularly the production of computers and microchips, has led to strong employment growth over the past decade. Growth is projected to slow in 1998, yet remain ahead of the national average. Growth in the service sector, particularly high-technology services such as software development and research and development, provides diversity within...
Companies mentioned in this report are:
- Travis Cnty
Action: New Rating
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. SHOW LESS READ MORE >