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Arlington, Texas' Permanent Improvement Bonds & Certificates of Obligation Rated 'AA' Jul 99
Standard & Poors, July 1999
Abstract
NEW YORK (Standard & Poor's CreditWire) July 8, 1999-- Standard & Poor's today assigned its double-'A' rating to Arlington, Texas' $31.64 million permanent improvement bonds series 1999 and $1.51 million combined tax and revenue certificates of obligation series 1999A, both due Aug. 15, 2019. The bonds are scheduled to sell July 13, 1999. At the same time, Standard & Poor's affirmed its double-'A' rating and its double-'A' underlying rating (SPUR) on the city's various outstanding GO debt. The rating reflects the full faith and credit of the city and also reflects: -- A strong 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...
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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