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Summary: Cinco Southwest Municipal Utility District No. 1, Texas; General Obligation Feb 10 Product Image

Summary: Cinco Southwest Municipal Utility District No. 1, Texas; General Obligation Feb 10

  • Published: February 2010
  • Region: Texas
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'BBB-' rating, and stable outlook, to Cinco Southwest Municipal Utility District (MUD) No. 1, Texas' series 2010 contract revenue bonds and affirmed its 'BBB-' rating, with a stable outlook, on the district's existing contract revenue bonds. The rating is based on the unconditional obligations of the participating MUDs to make payments severally to MUD No. 1 from the levy of an unlimited ad valorem property tax. The rating represents the participating MUDs' characteristics, which collectively demonstrate: A high overall net debt burden, including the direct debt of the individual participants and the overlapping taxing entities, with significant additional capital plans; and A high total tax rate for service area residents. These factors are...

Companies mentioned in this report are:
- Cinco Southwest Mun Util Dist #1

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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- Cinco Southwest Mun Util Dist #1

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