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Summary: Jacksboro, Texas; General Obligation
Standard & Poors, May 2011
Standard & Poor's Ratings Services assigned its 'A-' long-term rating, and stable outlook, to Jacksboro, Texas' series 2011 certificates of obligation and affirmed its 'A-' underlying rating (SPUR), with a stable outlook, on the city's existing general obligation (GO) debt. The rating reflects our view of the city's: Good general fund reserves, and No immediate GO debt plans. The rating is constrained by our view of the city's: High overall debt burden, coupled with, what we consider, very high carrying charges; Modest economic base; and High property tax and water and sewer rates. Jacksboro, with a population of about 4,700, is Jack County's seat, 62 miles northwest of Fort Worth, Texas at the intersection of U.S. highways 281 and 380....
Companies mentioned in this report are: Jacksboro
Action: New Rating
Action: Outlook: Stable
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