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Bryan, Texas' Certs of Obligations Rtd 'A+' by S&P Aug 98
Standard & Poors, Aug 1998
Abstract
NY -- Standard & Poor's CreditWire 8/14/98 - Standard & Poor's today assigned its single-'A'-plus rating to Bryan, Texas' certificates of obligation series 1998. In addition, Standard & Poor's affirmed its single-'A'-plus rating on Bryan's outstanding G.O. bonds. The outlook is stable. The ratings on Bryan, Texas reflects: -- A stable local economy anchored by the presence of Texas A&M University in neighboring College Station; -- An improving tax base; -- Sound financial position despite past investment losses; -- A moderate debt burden with manageable capital needs; and -- Below average wealth and income indicators. Located in Brazos County, Bryan (population 62,330) is approximately 90 miles west of Houston. The local and area economy is centered around Texas A&M University...
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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