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Arlington, Texas; General Obligation Sep 09
Standard & Poors, Sep 2009
Abstract
Standard & Poor's Ratings Services assigned its 'AA+' rating to Arlington, Texas' series 2009 permanent improvement bonds, and series 2009A and series 2009B combination tax and revenue certificates of obligation. In addition, Standard & Poor's affirmed its 'AA+' rating on the city's general obligation (GO) debt outstanding. The outlook on all ratings is stable. The 'AA+' ratings reflect our opinion of the city's: Stable and diverse economic base, which benefits from its location between Dallas and Fort Worth; Very strong financial position; Diverse and stable revenue streams, and Moderate overall net debt levels An ad valorem property tax pledge secures the bonds and certificates of obligation. Arlington, with a population slightly over 365,000, has a diverse economic base led by...
Companies mentioned in this report are: Arlington
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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