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Arlington, Texas' Bonds and Certificates Rated 'AA'; Outlook Stable Jul 00
Standard & Poors, July 2000
Abstract
DALLAS (Standard & Poor's CreditWire) July 12, 2000-- Standard & Poor's today assigned its double-'A' rating to Arlington, Texas' $30.87 million permanent improvement bonds series 2000 due Aug. 15, 2020 and $2 million combination tax and revenue certificates of obligation series 2000 due Aug. 15, 2020. The bonds and certificates are scheduled to sell July 18, 2000. The outlook is stable. In addition, Standard & Poor's affirmed its double-'A' rating on the city's outstanding GO debt. The rating reflects the full faith and credit of the city and: -- A strong, diverse economic base that benefits from the city's location between Dallas and Fort Worth; -- Good financial position, with strong fiscal management; and -- High, but manageable, debt levels...
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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