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
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