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Bryan, Texas; General Obligation Jul 09
Standard & Poors, July 2009
Abstract
Standard & Poor's Ratings Services assigned its 'AA' long-term rating, and stable outlook, to Bryan, Texas' series 2009 combination tax and revenue certificates of obligation. At the same time, Standard & Poor's affirmed its 'AA' long-term rating and Standard & Poor's underlying rating (SPUR) on the city's general obligation (GO) debt and certificates of obligation. The ratings reflect our view of the city's: Stable regional economy, anchored by the presence of Texas A&M University in neighboring College Station and Blinn Junior College in Bryan; Very strong financial position; and Strong financial management practices. These strengths are somewhat offset, in our opinion, by the city's: Adequate, but below-average, income levels, due in part to the large student population; and Moderately high...
Companies mentioned in this report are: Bryan
Action: New Rating
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.
Research Type: Full Analysis
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