Summary: North Richland Hills, Texas; General Obligation Apr 11

Standard & Poors, April 2011

Abstract
Standard & Poor's Ratings Services assigned its 'AA+' long-term rating, and stable outlook, to North Richland Hills, Texas' series 2011 tax and waterworks and sewer (limited-pledge) revenue certificates of obligation and series 2011 general obligation (GO) refunding and improvement bonds and affirmed its 'AA+' long-term rating and underlying rating (SPUR), with a stable outlook, on the city's existing GO debt. The rating reflects our view of the city's: Inclusion in the deep and diverse Dallas-Fort Worth metropolitan statistical area (MSA) and access to Dallas-Fort Worth International Airport; Historically strong financial performance, including the maintenance of, what we consider, very strong reserves, while addressing growth-related capital needs; and Moderate overall debt levels with continuing capital needs. The city's full-faith-and-credit pledge secures...

Companies mentioned in this report are: North Richland Hills
Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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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.

North Richland Hills

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