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Collin County, Texas; Tax Secured, General Obligation Mar 06
Standard & Poors, March 2006
Standard & Poor's Ratings Services assigned its 'AAA' rating, and stable outlook, to Collin County, Texas' series 2006 unlimited-tax road bonds, series 2006 limited-tax permanent improvement bonds, and series 2006 tax notes. The rating reflects the county's: Substantial participation in the north-central Texas economy; Continued strong property tax base growth and diversification; Above-average wealth and income indicators; Sound financial management with high reserve levels; and Moderate overall net debt burden, which is well supported by the community. Officials will use proceeds from these issuances to fund the construction of roads and highways and criminal justice and related facilities and finance the purchase of computer-related equipment. Collin County has continued to experience rapid growth due to the Dallas MSA's expansion northward...
Companies mentioned in this report are: Collin Cnty
Action: New Rating
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Research Type: Full Analysis