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Baker Road Municipal Utility District, TX's Series 2011 Bonds Rated 'A' May 11
Standard & Poors, May 2011
Abstract
DALLAS (Standard & Poor's) May 27, 2011--Standard & Poor's Ratings Services assigned its 'A' long-term rating to Baker Road Municipal Utility District (MUD), Texas' series 2011 unlimited-tax refunding bonds. The outlook is stable. 'The rating reflects our view of the district's completed infrastructure development, limiting any significant additional capital needs, and very strong financial position,' said Standard & Poor's credit analyst Lauren Spalten. Bond proceeds will be used to refund a portion of the district's general obligation debt outstanding. Baker Road MUD is located approximately 20 miles west of Houston's central downtown business district. RELATED CRITERIA AND RESEARCH USPF Criteria: Methodology And Assumptions: Rating Unlimited Property Tax Basic Infrastructure Districts, March 17, 2009...
Companies mentioned in this report are: Baker Road Mun Util Dist
Action: New Rating
Action: Outlook: Stable
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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