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Summary: San Marcos, Texas; General Obligation Nov 10

  • ID: 2025752
  • November 2010
  • Region: Texas
  • Standard & Poors
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Abstract
Standard & Poor's Ratings Services assigned its 'AA-' long-term rating to San Marcos, Texas' series 2010 general obligation (GO) refunding bonds. At the same time, Standard & Poor's affirmed its 'AA-' rating and underlying rating (SPUR) on the city's existing GO debt. The outlook on all ratings is stable. The ratings reflect our view of the city's: Role as a retail and distribution center in central Texas, and its direct access to both the Austin, Texas and San Antonio, Texas MSAs; Diverse tax base, coupled with historical assessed value (AV) growth, despite a minimal decline in fiscal 2011; and Strong financial performance and high reserves, which are boosted by the city's strong financial management policies. These strengths are somewhat offset...

Companies mentioned in this report are:
- San Marcos

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 READ MORE >

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- San Marcos

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