Ratings Raised To 'AA' On Webb County, TX GO Bond Debt Due To Continued Economic Growth, Diversification Nov 12
- Language: English
- Published: November 2012
DALLAS (Standard & Poor's) Nov. 16, 2011--Standard & Poor's Ratings Services raised its underlying rating (SPUR) to 'A+' from 'A' on Winkler County, Texas' general obligation (GO) debt. The outlook is stable. "The rating action is based on our view of the county's consistently very strong financial position, coupled with decreased support of hospital operations from the county's general fund," said Standard & Poor's credit analyst Brian Marshall. The 'A+' SPUR further reflects our opinion of the county's: Low debt burden, and Limited additional capital needs. The stable outlook reflects our anticipation that the county will maintain very strong reserves, in part to hedge against the effect that any severe economic cycle or extraordinary expense, such as from the county...
Companies mentioned in this report are: Winkler Cnty
Action: Outlook: Stable
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