- Published: May 2012
- Region: United States
Port of Houston Authority's Series 2010D And 2010E Bonds Rated 'AAA'; Outlook Stable Jul 10
- Published: July 2010
- Standard & Poors
DALLAS (Standard & Poor's) July 19, 2010--Standard & Poor's Ratings Services assigned its 'AAA' long-term rating, and stable outlook, to Port of Houston Authority, Texas' series 2010D unlimited tax port improvement and refunding bonds and series 2010E unlimited tax refunding bonds. The 'AAA' rating reflects our view of: The underlying property tax base's ongoing expansion and diversification, coupled with a very low tax rate; County commissioner oversight and tax-setting authority; The authority's positive financial position; The port's status as one of the nation's premier ports; and The authority's low direct debt burden, allowing for a substantial authorized capital program. "The outlook reflects our expectation of the Port of Houston Authority's tax base and tax collection stability," said Standard & Poor's...
Companies mentioned in this report are: Port of Houston Auth
Action: New Rating
Action: Outlook: Stable
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Research type: News
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Port of Houston Auth