Summary: Bexar Cnty, TX; Tax Secured, General Obligation Feb 04

Standard & Poors, February 2004

Abstract
The 'AA' rating on Bexar County, Texas' bonds reflects the county's: Diverse economy, with a strong military presence and a growing services sector that includes tourism and health services; Solid tax base growth, averaging more than 5% annually since fiscal 1996; and Moderate overall debt burden, due mostly to significant issuance by underlying entities. The bonds are secured by the county's ad valorem taxing powers. Bexar County is in southern Texas, with easy access to the Mexican border. Although area military bases are a significant part of the economic base, the county reported that more than 40% of all new jobs created within the last couple of years were in the service industry. This reflects, in part, a growing tourist...

Companies mentioned in this report are:
- Bexar Cnty

Action: New Rating

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- Bexar Cnty

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