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Winkler County, TX, GO SPUR Raised To 'A+'; Outlook Stable Nov 11

  • ID: 2024923
  • November 2011
  • Standard & Poors
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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
Action: Upgraded

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.

Research type: News
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Winkler Cnty

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