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Arlington, Texas; Tax Secured, General Obligation Jun 03
Standard & Poors, June 2003
Abstract
The 'AA' rating on Arlington, Texas' GO bonds and combined tax and revenue certificates of obligation reflects the city's: Strong, diverse economic base that benefits from the city's location between Dallas, Texas and Fort Worth, Texas; Good financial position with strong fiscal management; and High, but manageable, debt levels, aided by rapid principal retirement. The city's full faith and credit pledge secures the bonds. Arlington, with a population approaching 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 sport utility vehicles (SUVs); the Arlington campus of the University of Texas; and a variety of technology and health care employers. In addition, Six Flags Over...
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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