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Summary: Bryan, Texas; General Obligation Jul 08

  • ID: 1824223
  • July 2008
  • Region: Texas
  • Standard & Poors

Standard & Poor's Ratings Services raised its standard long-term rating and Standard & Poor's underlying rating (SPUR) on Bryan, Texas' general obligation (GO) debt one notch to 'AA' from 'AA-' based on the city's continued economic base expansion, coupled with management's commitment to maintaining reserves above its target due to conservative budgeting practices. The outlook is stable. At the same time, Standard & Poor's assigned its 'AA' standard long-term rating, and stable outlook, to the city's series 2008 combination tax and surplus utility system revenue certificates of obligation. The ratings reflect the city's: Stable regional economy, anchored by the presence of Texas A&M University in neighboring College Station, Texas and Blinn Junior College in Bryan -- The entire Bryan-College Station...

Companies mentioned in this report are:
- Bryan

Action: New Rating
Action: Outlook: Stable
Action: Upgraded

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