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Summary: San Angelo, Texas; General Obligation Jun 11 Product Image

Summary: San Angelo, Texas; General Obligation Jun 11

  • Published: June 2011
  • Standard & Poors

FEATURED COMPANIES

Abstract
Standard & Poor's Ratings Services assigned its 'AA' long-term rating to San Angelo, Texas' series 2011 combination tax and limited surplus revenue certificates of obligation. At the same time, Standard & Poor's affirmed its 'AA' long-term rating and underlying rating (SPUR) on the city's existing GO debt. The outlook on all ratings is stable. The ratings reflect our view of the city's: Diverse local economy, which serves as a regional service and trade center; Currently good general fund reserves, which management expects to increase significantly in fiscal 2011; and Moderate debt burden, coupled with average principal amortization. These factors are offset, in part, by our view of: The city's tax rate, which is above those of comparable cities in the...

Companies mentioned in this report are:
- San Angelo

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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- San Angelo

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