S&P Asgns A+ Rtg to Mesquite, TX's Bnds;Outlk to Pos Jul 98. Edition No. 1

Standard & Poors, July 1998, Pages: 300

Abstract
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

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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.

Mesquite

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