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Arlington, Texas; Tax Secured, General Obligation Jul 01
Standard & Poors, July 2001
Abstract
The rating on Arlington, Texas' permanent improvement and refunding bonds reflects the full faith and credit of the city. The rating also reflects: 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 aided by rapid principal retirement. Arlington (population 333,000) has a diverse economic base led by the service, manufacturing, and trade sectors. Employers include General Motors Corp., which produces pick-up trucks and sport utility vehicles, the Arlington campus of the University of Texas, and a variety of technology and health care employers. Six Flags Over Texas, an amusement park, along with The Ballpark in Arlington, home of the Texas...
Companies mentioned in this report are: Arlington
Action: Affirmed
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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