- Language: English
- 93 Pages
- Published: July 2010
- Region: Philippines
Summary: Sweetwater, Texas; General Obligation Jul 11
- Published: July 2011
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'A' long-term rating to Sweetwater, Texas' series 2011 combination tax and revenue refunding bonds. At the same time, Standard & Poor's affirmed its 'A' underlying rating (SPUR) on the city's existing general obligation (GO) debt. The outlook on all bonds is stable. The rating reflects our view of the city's: Steadily growing and diversifying tax base; Consistently stable financial operations with very strong reserves; and Low overall debt burden with minimal additional capital needs. Offsetting these strengths is our view of the city's: Still-limited local economy and property tax base, despite assessed valuation (AV) growth; and Low wealth and income levels. The bonds are secured by an annual ad valorem tax levied against...
Companies mentioned in this report are: Sweetwater
Action: New Rating
Action: Outlook: Stable
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >
|Electronic||The report will be emailed to you.|