|
|
 |
|
Viewing report
|
|
|
|
Bexar County, Texas; General Obligation, Local GO Aug 00
Standard & Poors, Aug 2000
Abstract
The rating on Bexar County, Texas' limited-tax GO bonds and certificates of obligation is based on the ad valorem tax pledge. Credit factors include: A diverse economy with a strong military presence and a growing services sector, which includes tourism and health services; Solid tax base growth averaging more than 5% a year since fiscal 1996; and A moderate overall debt burden, mostly due to significant issuance by underlying entities. The rating is constrained by future budget gaps for recurring expenses, which could reduce reserve levels and limit financial flexibility, as well as below-average income levels. Bexar County is in southern Texas and has easy access to the Mexican border. Although the military bases are a significant part of its...
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
|
|
|
|
