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Bryan, Texas; General Obligation Jul 08
Standard & Poors, July 2008
Abstract
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
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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