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Arlington, Texas; Tax Secured, General Obligation Feb 05
Standard & Poors, Feb 2005
Abstract
Standard & Poor's Ratings Services assigned its 'AA' rating, and stable outlook, to Arlington, Texas' series 2005 permanent improvement refunding bonds. The rating reflects the city's: Stable and diverse economic base, which benefits from its location between Dallas, Texas and Fort Worth, Texas; Good fiscal management; and High, but manageable, debt levels aided by rapid principal retirement. The city's current challenges include ongoing budget pressures associated with declines in sales tax revenue and slow growth in other revenues. The city's full faith and credit pledge secures the bonds. Arlington, with a population of more than 350,000, has a diverse economic base led by the service, manufacturing, and trade sectors. Employers include General Motors Corp. (GM), which produces pickup trucks and...
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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