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Summary: Arlington, Texas; General Obligation Jun 11
Standard & Poors, June 2011
Standard & Poor's Ratings Services assigned its 'AA+' long-term rating and stable outlook to Arlington, Texas' series 2011 permanent improvement and refunding bonds and series 2011 combination tax and revenue certificates of obligation and affirmed its 'AA+' long-term rating and underlying rating (SPUR), with a stable outlook, on the city's existing 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 bonds. A pledge of ad valorem taxes and surplus...
Companies mentioned in this report are: Arlington
Action: New Rating
Action: Outlook: Stable
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