• 1-800-526-8630U.S. (TOLL FREE)
  • 1-917-300-0470EAST COAST U.S.
  • +353-1-416-8900REST OF WORLD
Summary: Northwest Harris County Municipal Utility District No.32, Texas; General Obligation Nov 11 Product Image

Summary: Northwest Harris County Municipal Utility District No.32, Texas; General Obligation Nov 11

  • ID: 2028973
  • November 2011
  • Region: Texas
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'BBB+' long-term rating to Northwest Harris County Municipal Utility District (MUD) No. 32, Texas' series 2012 unlimited-tax bonds. At the same time, Standard & Poor's affirmed its 'BBB+' long-term and underlying rating (SPUR) on the district's general obligation (GO) debt outstanding. The outlook on all ratings is stable. The ratings reflect our opinion of the district's: Moderate direct-tax rates and High overall net debt burden coupled with an extended amortization schedule. In our view, the above credit weaknesses are partly offset by the district's: Mature status of development; Participation in the deep and diverse economy of the Houston metropolitan statistical area (MSA); and Very strong financial position. Unlimited ad valorem taxes levied on...

Companies mentioned in this report are:
- Northwest Harris Cnty Mun Util Dist #32
- Klein Indpt Sch 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 READ MORE >

- Northwest Harris Cnty Mun Util Dist #32
- Klein Indpt Sch Dist

Note: Product cover images may vary from those shown

RELATED PRODUCTS