Summary: Collin County, Texas; General Obligation Jun 08
- ID: 1782230
- June 2008
- Region: Texas
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AAA' standard long-term rating to Collin County, Texas' series 2008 unlimited-tax road bonds and series 2008 limited-tax refunding and permanent improvement bonds, while affirming its 'AAA' standard long-term rating and underlying rating (SPUR) on the county's existing debt. The ratings reflect 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 reserves; and Very low direct debt burden, though overall debt remains high. Officials will use bond proceeds to fund the construction of roads and highways; refund a portion of the county's bonds outstanding; and finance the acquisition of, and improvement to, parkland and open spaces....
Companies mentioned in this report are:
- Collin Cnty
Action: New Rating
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