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Bexar County, Texas; General Obligation Jun 08
Standard & Poors, June 2008
Abstract
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 ratings reflect the county's: Diverse economy, which has a strong military presence and a growing service sector that includes tourism and health services; Solid property tax base growth, which has averaged more than 9% annually over the past five years;...
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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