Summary: Mount Houston Road Municipal Utility District, Texas; General Obligation Feb 11
Standard & Poors, February 2011
Abstract
Standard & Poor's Ratings Services affirmed its 'BBB' rating, with a stable outlook, on Mount Houston Road Municipal Utility District (MUD), Texas' general obligation (GO) bonds. The rating reflects our view of the district's: Growing status of development, High overall net debt, and High direct property tax rate. These factors are offset, in part, by our view of the district's: Participation in the deep and diverse Houston metropolitan statistical area economy, and Very strong financial position. An unlimited ad valorem tax on all taxable property within the district secures the bonds. The 814-acre Mount Houston Road MUD is about 10 miles north of downtown Houston. The growing MUD is a mixed-use development that consists of approximately 720 completed single-family homes...
Companies mentioned in this report are: Mount Houston Road Mun Util Dist
Action: Affirmed
Action: Outlook: Stable
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Mount Houston Road Mun Util Dist
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