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Bryan, Texas; General Obligation, Local GO Jul 00
Standard & Poors, July 2000
Abstract
The rating on Bryan, Texas' certificates of obligation reflects the city's: Stable local economy, which is anchored by the presence of Texas A&M University in neighboring College Station, Texas; Steadily growing tax base; Below-average wealth and income indicators; Strong financial position; and Moderate debt burden with manageable capital needs. Bryan, with a population of 64,267, is in Brazos County and about 90 miles northwest of Houston, Texas. The local and area economy is centered around Texas A&M University in College Station; the university has 43,000 students enrolled and employs 19,971. Local government, light manufacturing, and a growing retail sector also contribute to the overall employment base. The area's unemployment rate, which is historically very low, was recently estimated at 1.85%....
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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