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Arlington, TX's Combined Tax & Revenue Certificates of Obligation Rated 'AA' Jan 01
Standard & Poors, Jan 2001
Abstract
DALLAS (Standard & Poor's CreditWire) Jan. 16, 2001-- Standard & Poor's today assigned its double-'A'-rating to Arlington, Texas' $8.43 million combined tax and revenue certificates of obligation series 2001 due Aug. 15, 2021. The certificates are scheduled to sell Jan. 23, 2001. The outlook is stable. In addition, Standard & Poor's affirmed its double-'A' rating on the city's outstanding GO debt and taxable GO debt. Standard & Poor's also affirmed its double-'A' underlying rating (SPUR) on the city's outstanding combined tax and revenue certificates of obligation series 1997 and permanent improvement bonds series 1998. The rating reflects: -- A strong, diverse economic base that benefits from the city's location between Dallas and Fort Worth; -- Good financial position with strong...
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: 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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