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Bexar County, Texas; General Obligation Aug 09
Standard & Poors, Aug 2009
Abstract
Standard & Poor's Ratings Services assigned its 'AA+' rating to Bexar County, Texas' series 2009A and series 2009B combination flood control tax and revenue certificates of obligation (COs) and series 2009A and series 2009B combination tax and revenue COs. In addition, Standard & Poor's affirmed its 'AA+' rating on the county's GO debt outstanding. The outlook on all ratings is stable. The rating reflects our view of 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 11.3% annually in the past five years; Very strong level of reserves; and Moderately high overall debt burden due mostly to the...
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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