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Arlington, Texas; Tax Secured, General Obligation Jul 04
Standard & Poors, July 2004
Abstract
The 'AA' rating on Arlington, Texas' permanent improvement bonds series 2004 reflects the city's: Strong and diverse economic base benefiting from its location between Dallas and Fort Worth; Good fiscal management; Potential revenue-raising flexibility under the state's sales tax cap; and High, but manageable, debt levels aided by rapid principal retirement. Challenges currently facing the city include an ongoing structural budget problem and limited options to address future budget gaps. 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., which produces pickup trucks and sport utility vehicles (SUVs); the Arlington campus of the...
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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