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Bryan, Texas; General Obligation, Local GO Sep 00
Standard & Poors, Sep 2000
Abstract
The rating on Bryan, Texas' certificates of obligation reflects: A stable local economy anchored by the presence of Texas A&M University in neighboring College Station, Texas; A steadily growing tax base; Below-average wealth and income indicators; A strong financial position; and A moderate debt burden with manageable capital needs. Located in Brazos County, Bryan (population 64,267) is approximately 90 miles northwest of Houston. The local and area economy is centered around Texas A&M University, with 43,000 students and 19,971 employees. Local government, light manufacturing, and a growing retail sector also contribute to the overall employment base. The area's unemployment rate has historically been very low, and was recently estimated at 1.85%. As part of the city's economic development efforts, a...
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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