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Summary: Arlington, Texas; General Obligation Jun 10
Standard & Poors, June 2010
Standard & Poor's Ratings Services assigned its 'AA+' long-term rating, and stable outlook, to Arlington, Texas' series 2010 permanent improvement and refunding bonds and series 2010 combination tax revenue certificates of obligation. In addition, Standard & Poor's affirmed its 'AA+' long-term rating and underlying rating (SPUR), with a stable outlook, on the city's existing general obligation (GO) debt. The rating reflects our opinion of the city's: Stable and diverse economic base, which benefits from its location between Dallas and Fort Worth, Texas; Very strong financial position; Diverse and stable revenue streams; and Moderate overall net debt levels. An ad valorem property tax pledge secures the bonds and certificates of obligation. Officials plan to use a portion of bond and certificate...
Companies mentioned in this report are: Arlington
Action: New Rating
Action: Outlook: Stable
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