- Language: English
- Published: December 2011
- Region: Texas
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
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 >