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Bryan, Texas; General Obligation Mar 07
Standard & Poors, March 2007
Abstract
Standard & Poor's Ratings Services assigned its 'AA-' standard long-term rating, and stable outlook, to Bryan, Texas' series 2007 combination tax and revenue certificates of obligation and affirmed its 'AA-' standard long-term rating and Standard & Poor's underlying rating (SPUR), with a stable outlook, on the city's preexisting GO debt. The ratings reflect the city's: Stable regional economy, which is 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 MSA is consistently among the state's lowest unemployment rates and lowest overall economic volatility; Strong financial position; and Moderate debt burden with manageable capital needs. The MSA's below-average wealth and income levels mitigate the rating. 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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