Summary: Burney Road Municipal Utility District, Texas; General Obligation Nov 11

Standard & Poors, November 2011

Abstract
Standard & Poor's Ratings Services assigned its 'A+' long-term rating to Burney Road Municipal Utility District, Texas' series 2011 unlimited tax refunding bonds. At the same time, Standard & Poor's affirmed its 'A+' long-term rating and underlying rating (SPUR) on the district's existing general obligation (GO) debt. The outlook on all ratings is stable. In our view, the ratings reflect the district's: Completed development, which limits any additional debt plans; Location inside Sugar Land, Texas, one of the Houston MSA's more affluent suburbs and Fort Bend County's economic center; and Low property tax rate. Factors that constrain the ratings include our view of the district's: Limited property tax base and High overall net debt burden. An unlimited ad valorem property...

Companies mentioned in this report are: Burney Rd Mun Util Dist
Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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.

Burney Rd Mun Util Dist

Customers who bought this item also bought

• Government Investment Pools Report
• US Directory Suite: Federal, Federal Regional, State, County and Municipal Directories
• Charter Schools - Global Outlook
• Land Development and Subdivision in Australia
• Municipal Directory
• Privatizing Governmental Functions.
• The New York State Directory 2011/12 Edition
• China Road Construction Industry Report, 2010
• China Road Construction Industry Report, 2010
• Russia: Higher Education Market. Analysis and Forecast to 2017