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Summary: Mount Houston Road Municipal Utility District, Texas; General Obligation Sep 11 Product Image

Summary: Mount Houston Road Municipal Utility District, Texas; General Obligation Sep 11

  • Published: September 2011
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'BBB' rating and stable outlook to Mount Houston Road Municipal Utility District (MUD), Texas' series 2011 waterworks and sewer system combination unlimited-tax and revenue bonds and affirmed its 'BBB' rating, with a stable outlook, on the district's general obligation debt. The rating reflects our opinion of the district's: Growing development, High overall net debt, and High direct property tax rate. We believe these factors are somewhat offset by the district's: Participation in the deep and diverse Houston metropolitan statistical area (MSA) economy, and Very strong finances. An unlimited ad valorem tax on all taxable property in the district secures the bonds. Net water and sewer system revenue provides additional bond security. Officials plan...

Companies mentioned in this report are: Mount Houston Road Mun Util Dist
Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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Mount Houston Road Mun Util Dist

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