Summary: DeSoto, TX; Tax Secured, General Obligation Jan 04

Standard & Poors, January 2004

Abstract
The 'A+' rating on DeSoto, Texas' GO bonds and tax and revenue certificates of obligation, secured by the city's full faith and credit pledge, continues to reflect the city's: Access to the diverse and growing economy of the Dallas-Fort Worth MSA, Above-average wealth levels, and Strong financial position. Offsetting factors include the city's above-average debt burden and carrying charges. DeSoto, with a population of 41,108, is a relatively small bedroom community 12 miles south of downtown Dallas. Residents benefit from the city's proximity to employment opportunities in the Dallas-Fort Worth MSA, as well as its own smaller base of light manufacturing and retail employment. Although it remains a largely residential community, DeSoto has experienced 6.3% growth in real and industrial...

Companies mentioned in this report are: DeSoto
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.

DeSoto

Customers who bought this item also bought

• 2012 America's Neighborhoods-Zip Code 75115 for Desoto, TX report
• International Handbook of Research on Children's Literacy, Learning and Culture
• Charter Schools - Global Outlook
• The Survey of Small and Medium Sized College Staffing Plans
• The Survey of Distance Learning Programs in Higher Education, 2012-13 Edition
• Higher Education Revenue Outlook, 2013 Edition
• 2012 America's Neighborhoods-Zip Code 76116 for Fort Worth, TX report
• 2012 America's Neighborhoods-Zip Code 76133 for Fort Worth, TX report
• 2012 America's Neighborhoods-Zip Code 76137 for Fort Worth, TX report
• 2012 America's Neighborhoods-Zip Code 76179 for Fort Worth, TX report