Analysis of the DoD Training and Simulation Market Integrated Training Presents Future Growth Opportunities
- Language: English
- 74 Pages
- Published: April 2012
- Region: North America
Standard & Poor's Ratings Services assigned its 'AA' rating to Hurst, Texas' series 2011 general obligation (GO) refunding bonds. Standard and Poor's also affirmed its 'AA' long-term and underlying rating (SPUR) on the district's existing parity debt. The outlook on all ratings is stable. The rating reflects our view of the city's: Vibrant and diversified economic and employment base; Conservative and sophisticated financial management policies that include a four-level contingency plan and a retail retention system; and Strong general fund reserves, which are augmented by additional reserves in various funds. An ad valorem tax, limited by law to $2.50 per $100 of AV and levied against all taxable property within the city, secures the bonds. Officials will use proceeds to...
Companies mentioned in this report are:
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >