Standard & Poor's Ratings Services has assigned its 'AA' long-term rating to Hays County, Texas' series 2010 combination tax and limited pledge revenue certificates of obligation and series 2010 unlimited-tax refunding bonds and affirmed its 'AA' underlying rating (SPUR) on the county's previously issued general obligation (GO) debt. The 'AA' ratings reflect the county's: Growing and diversified local economy in the Austin metropolitan statistical area, Sustained strong property tax base growth, and Solid financial operations and position. An above-average overall net debt burden and significant growth-driven capital needs mitigate these credit factors. The county's limited ad valorem tax pledge on all taxable property within the county secures the certificates of obligation. The certificates are further secured by a lien on...
Companies mentioned in this report are:
- Hays Cnty
Action: New Rating
Action: Outlook: Stable
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