Summary: Fort Bend County Levee Improvement District No. 11, Texas; General Obligation Sep 11
- ID: 1885191
- September 2011
- Region: Texas
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'A+' long-term rating and stable outlook to Fort Bend County Levee Improvement District No. 11, Texas' series 2011 unlimited-tax levee improvement bonds and affirmed its 'A+' long-term rating and underlying rating (SPUR), with a stable outlook, on the district's general obligation debt. The rating reflects our assessment of the district's: Access to Sugar Land, one of the Houston metropolitan statistical area's more-affluent suburbs and Fort Bend County's economic center; Service area's -- the Greatwood master-planned community -- completed development, as well as the district's limited role of providing drainage and flood control infrastructure and maintenance; and Very strong finances. We believe the district's high overall net debt somewhat constrains the rating. An unlimited...
Companies mentioned in this report are: Fort Bend Cnty Levee Imp Dist #11
Action: New Rating
Action: Outlook: Stable
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