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Collin County, Texas; Tax Secured, General Obligation Aug 04
Standard & Poors, August 2004
Standard & Poor's Ratings Services assigned its 'AAA' rating, and stable outlook, to Collin County, Texas' series 2004 tax notes. The rating reflects the county's: Substantial participation in the north-central Texas economy; Continued strong property tax base growth; Above-average wealth and income indicators; Sound financial management with high reserves; and Moderate overall net debt burden, which is well supported by the community. The county's full faith and credit pledge secures the bonds. Collin County has continued to experience rapid growth due to the Dallas MSA's expansion northward to Plano, Texas ('AAA' GO debt rating); Frisco, Texas ('A+' GO debt rating); Allen, Texas ('AA-' GO debt rating); and McKinney, Texas ('AA-' GO debt rating). A significant corporate presence and independent employment...
Companies mentioned in this report are: Collin Cnty
Action: New Rating
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Research Type: Full Analysis