Summary: Cinco Southwest Municipal Utility District No. 1, Texas; General Obligation Apr 11
- ID: 1715024
- April 2011
- Region: Texas
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'BBB-' long-term rating, and stable outlook, to Cinco Southwest Municipal Utility District (MUD) No. 1, Texas' series 2011 contract revenue road bonds and affirmed its 'BBB-' long-term rating and underlying rating (SPUR), with a stable outlook, on the district's existing contract revenue debt. The ratings reflect our opinion of the unconditional obligations of the participating MUDs to make payments severally to MUD No. 1 from the levy of an unlimited ad valorem property tax. The ratings also represent the participating MUDs' characteristics, which collectively demonstrate: A high overall net debt burden, including the direct debt of the individual participants and the overlapping taxing entities, with significant additional capital plans; and A high total...
Companies mentioned in this report are:
- Cinco Southwest Mun Util Dist #1
Action: New Rating
Action: Outlook: Stable
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