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Bexar County, Texas; Tax Secured, General Obligation Feb 04
Standard & Poors, Feb 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
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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