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Bexar County, TX GO Debt Ratings Raised To 'AA+' Jun 08
Standard & Poors, June 2008
Abstract
DALLAS (Standard & Poor's) June 12, 2008--Standard & Poor's Ratings Services raised its standard long-term rating and underlying rating (SPUR) on Bexar County, Texas' general obligation (GO) bonds to 'AA+' from 'AA' based on the consistent expansion of the tax base and continued strong financial performance. In addition, Standard & Poor's assigned its 'AA+' standard long-term rating to county's $70.7 million series 2008 combination flood control tax and revenue certificates of obligation, $56.4 million GO certificates of obligation, and $15.2 million unlimited tax road bonds. The outlook on the ratings is stable. The ratings reflect the county's diverse economy, solid property tax base growth, very high level of reserves, and moderately high overall debt burden. An ad valorem tax pledge...
Companies mentioned in this report are: Bexar Cnty
Action: New Rating
Action: Upgraded
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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