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Bexar County, Texas; Tax Secured, General Obligation Mar 06
Standard & Poors, March 2006
Abstract
Standard & Poor's Ratings Services assigned its 'AA' rating, and stable outlook, to Bexar County, Texas' series 2006 limited-tax GO refunding bonds. The rating reflects the county's: Diverse economy with a strong military presence and a growing services sector that includes tourism and health services; Solid property tax base growth, averaging more than 7% annually since fiscal 2000; Adequate reserves; and Moderate overall debt burden due mostly to the significant issuance of underlying entities. The county's below-average wealth and income levels mitigate, in part, these strengths. The county's ad valorem taxing powers secure the bonds. Officials will use proceeds from this sale to refund a portion of the county's GO debt outstanding. Bexar County, with an estimated population of 1.5...
Companies mentioned in this report are: Bexar Cnty
Action: New Rating
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: Full Analysis
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