|
|
 |
|
Viewing report
|
|
|
|
Bexar County, Texas' Limited-Tax GO Bonds Rated 'AA'; Outlook Stable Aug 00
Standard & Poors, Aug 2000
Abstract
NEW YORK (Standard & Poor's CreditWire) Aug. 11, 2000--Standard & Poor's today assigned its double-'A' rating to Bexar County, Texas' $18 million limited-tax GO bonds series 2000 dated Aug. 1, 2000 due June 15, 2020. The bonds are scheduled to sell Aug. 15, 2000. The outlook is stable. Standard & Poor's also affirmed its double-'A' rating on the county's outstanding $164.47 million GO bonds. The rating is based on the ad valorem tax pledge. Credit factors include: -- A diverse economy with a strong military presence and a growing services sector, which includes tourism and health services; -- Solid tax base growth averaging over 5% annually since fiscal 1996; and -- A moderate overall debt burden, mostly due to significant...
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: 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.
|
|
|
|
