Summary: Houston, TX; General Obligation, Local GO Apr 00
- ID: 1930393
- April 2000
- Standard & Poors
The rating on Houston, Texas' tax and revenue certificates of obligation reflects the city's full faith and credit pledge. Other credit characteristics include: A sizable, deep, and diversifying economic base; Good financial trends supported by intergovernmental agreements; and A somewhat high debt burden intensified by a large, but manageable, capital plan. The city is the diversifying center of Harris County, Texas and the expanding Houston MSA, which encompasses 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...
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Action: New Rating
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