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Summary: Mesquite, TX; General Obligation, Local GO Jul 98
Standard & Poors, July 1998
The rating on Mesquite, Texas' bonds reflects the following factors: - Favorable location within the Dallas/Fort Worth 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. Its strong retail sector, centered around the Town East Mall, provides employment and a substantial amount of operating revenues through sales tax. Per capita retail sales are about 150% of the national average. The city has additional employment opportunities at a Lucent (formerly AT&T) manufacturing facility and a United Parcel Service distribution center. Several other distributors are also present in the...
Companies mentioned in this report are: Mesquite
Action: New Rating
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