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Summary: DeSoto, TX; Tax Secured, General Obligation Jan 04
Standard & Poors, January 2004
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
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