- Language: English
- Published: January 2012
- Region: Texas
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:
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.
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. SHOW LESS READ MORE >