Standard & Poor's Ratings Services assigned its 'AA' long-term rating, and stable outlook, to Hays County, Texas' series 2006 unlimited-tax road bonds. At the same time, Standard & Poor's affirmed its 'AA' underlying rating (SPUR) on the county's general obligation (GO) debt outstanding. The 'AA' rating reflects our view of the county's: Growing and diversified local economy in the Austin metropolitan statistical area; Sustained strong property tax base growth; and Solid financial operations and position. An above-average overall net debt burden and significant growth-driven capital needs mitigate these credit factors. An unlimited ad valorem tax on all taxable property within the county secures the certificates. Hays County is in south-central Texas, about 15 miles southwest of Austin, Texas ('AA+' GO...
Companies mentioned in this report are:
- Hays Cnty
Action: New Rating
Action: Outlook: Stable
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