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Summary: Sweetwater, Texas; General Obligation Jul 11 Product Image

Summary: Sweetwater, Texas; General Obligation Jul 11

  • Published: July 2011
  • Standard & Poors

FEATURED COMPANIES

Abstract
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: Affirmed
Action: New Rating
Action: Outlook: Stable

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Sweetwater

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