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Summary: Arlington, Texas; General Obligation Jun 11 Product Image

Summary: Arlington, Texas; General Obligation Jun 11

  • ID: 1815425
  • June 2011
  • Region: Texas
  • Standard & Poors

Standard & Poor's Ratings Services assigned its 'AA+' long-term rating and stable outlook to Arlington, Texas' series 2011A permanent improvement and refunding bonds, series 2011B permanent improvement refunding bonds, and series 2011 combination tax and revenue certificates of obligation. In addition, Standard & Poor's affirmed its 'AA+' long-term rating and underlying rating (SPUR), with a stable outlook, on the city's general obligation debt. The rating reflects our opinion of the city's: Stable and diverse economic base, which benefits from its location between Dallas and Fort Worth; Historically strong financial position, including, what we consider, very strong reserves; Diverse and stable revenue streams; and Moderate overall net debt levels. An ad valorem property tax pledge secures the permanent improvement and refunding...

Companies mentioned in this report are:
- Arlington

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

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