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Bryan, Texas; General Obligation Mar 07
Standard & Poors, March 2007
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
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Research Type: Full Analysis