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Summary: Mesquite, Texas; General Obligation Apr 11 Product Image

Summary: Mesquite, Texas; General Obligation Apr 11

  • Published: April 2011
  • Standard & Poors

FEATURED COMPANIES

Abstract
Standard & Poor's Ratings Services assigned its 'AA' long-term rating to Mesquite, Texas' series 2011 general obligation (GO) refunding bonds and series 2011 combination tax and limited surplus revenue certificates of obligation. In addition, Standard & Poor's affirmed its 'AA' long-term and underlying rating (SPUR) on the city's GO debt outstanding. The outlook on all ratings is stable. The 'AA' ratings reflect our view of the city's: Location in the Dallas-Fort Worth metropolitan statistical area (MSA) and participation in the expanding regional economy; Good management, financial performance, and reserve position; and Diverse tax base. In our view, the city's adequate market value per capita, moderately high overall net debt burden, and additional capital needs associated with growth pressures preclude a...

Companies mentioned in this report are: Mesquite
Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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Mesquite

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