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Collin County, Texas; General Obligation Sep 10 Product Image

Collin County, Texas; General Obligation Sep 10

  • ID: 1782776
  • September 2010
  • Region: Texas
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AAA' rating to Collin County, Texas' series 2010 unlimited tax refunding bonds, and series 2010 limited tax refunding bonds. In addition, Standard & Poor's affirmed its 'AAA' ratings on the county's existing debt. The outlook on all ratings is stable. The ratings reflect our view of the county's: Substantial participation in the north-central Texas economy; Continued deepening and diversification of the property tax base, which provides the majority of the county's revenues; Strong wealth and income indicators; Good financial management practices, which have resulted in very strong reserve levels; and Very low direct debt burden, though overall debt levels remains moderately high. The bonds are secured by a direct annual ad valorem tax...

Companies mentioned in this report are:
- Collin Cnty

Action: New Rating

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Full Analysis

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- Collin Cnty

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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