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S&P Asgns A+ Rtg to Mesquite, TX's Bnds;Outlk to Pos Jul 98. Edition No. 1
Standard & Poors, July 1998, Pages: 300
NY -- Standard & Poor's CreditWire 7/7/98 - Standard & Poor's today assigned its single-'A'-plus rating to Mesquite, Texas' G.O. and refunding bonds series 1998, combination tax and revenue certificates of obligation series 1998, and public property finance contractual obligations series 1998. Standard & Poor's also affirmed its single-'A'-plus rating on Mesquite's outstanding bonds. The outlook is now positive. The rating on Mesquite, Texas reflects the following factors: -- Favorable location within the Dallas/Fort Worth metropolitan statistical area (MSA), -- Sizable tax base showing population-driven growth, -- Satisfactory financial performance with sufficient reserves, and -- High debt offset by rapid debt repayment. Mesquite is a growing residential community on the eastern border of Dallas with a population of about 116,000....
Companies mentioned in this report are: Mesquite
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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.