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Summary: Mesquite, Texas; General Obligation Jun 10
Standard & Poors, June 2010
Standard & Poor's Ratings Services assigned its 'AA' long-term rating to Mesquite, Texas' series 2010 general obligation (GO) refunding bonds. In addition, Standard & Poor's affirmed its 'AA' long-term and underlying rating (SPUR) on the city's outstanding GO debt. The outlook is stable. The 'AA' rating reflects our view of the city's: Location in the Dallas-Fort Worth metropolitan statistical area and participation in the expanding regional economy; Good management, financial performance, and reserve position; and Growing and diverse tax base. The city's adequate market value per capita, moderate overall net debt burden, and additional capital needs associated with growth pressures preclude a higher rating. The bonds are secured by a limited ad valorem tax levied on all taxable property within...
Companies mentioned in this report are: Mesquite
Action: New Rating
Action: Outlook: Stable
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.