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Bexar County, Texas; CP; General Obligation Jul 10
Standard & Poors, July 2010
Abstract
Standard & Poor's Ratings Services assigned its 'AA+' long-term rating, and stable outlook, to Bexar County, Texas' series 2010A and 2010B certificates of obligation (COPs), and series 2010 limited tax general obligation (GO) bonds. In addition, Standard & Poor's affirmed its 'AA+' rating, with a stable outlook, on the county's GO debt outstanding and its 'A-1+' short-term rating on the county's commercial paper program. County officials plan to issue the series 2010B COPs as federally taxable Build America bonds (BABs), in which case the county will receive a subsidy from the U.S. treasury equal to 35% of the stated interest paid. The U.S. treasury subsidy for BABs, if issued, will be paid directly to the county, and does not constitute...
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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