Summary: Houston, TX; General Obligation, Local GO; General Obligation, Special District Nov 00
- ID: 1929862
- November 2000
- Standard & Poors
The rating on Houston, Texas' bonds reflects the city's full faith and credit pledge. Other credit characteristics include: A sizable, deep, and diversifying economic base; Adequate financial operations with a strong general fund reserve mitigating lower-than-anticipated revenues in 2000; and A somewhat high debt burden intensified by a large, but manageable, capital plan. Houston is the diversifying center of Harris County and the expanding Houston MSA, which is a five-county region of 3.7 million people. While the energy sector still remains a critical component of the economy, the health care industry and other regional service businesses continue to diversify in the region. In addition, the Port of Houston continues to lead the development of the city as an international commerce...
Companies mentioned in this report are:
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >