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Bryan, Texas; General Obligation, Local GO Sep 00
Standard & Poors, September 2000
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
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Research Type: Full Analysis