Summary: Travis Cnty, TX; General Obligation, Local GO Aug 98

  • ID: 1714494
  • August 1998
  • Standard & Poors
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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

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- Travis Cnty

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