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Bexar County, Texas' GO Certificates, Bonds, & Notes Rated 'AA' Mar 99
Standard & Poors, March 1999
Abstract
NEW YORK (Standard & Poor's CreditWire) March 4, 1999--Standard & Poor's today assigned its double-'A' rating to Bexar County, Texas' GO certificates, notes, and bonds (see list below), which are scheduled to sell March 15, 1999. At the same time, Standard & Poor's affirmed its double-'A' rating on the county's outstanding parity debt. The certificates, bonds, and notes all are general obligations of the county secured by the full faith and credit of the county. The certificates of obligations are additionally secured on a subordinate lien basis by net revenues from the county's parking facilities. The rating reflects: ---A diverse economy with a strong military presence, ---A growing services sector diversified in tourism and health services, -- Solid tax base...
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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