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Summary: Mansfield, Texas; Water/Sewer Dec 10

  • ID: 2030040
  • December 2010
  • Region: Texas
  • Standard & Poors
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Abstract
Standard & Poor's Ratings Services raised its long-term rating and underlying rating (SPUR) to 'AA' from 'AA-' on Mansfield, Texas' outstanding waterworks and sewer system revenue bonds based on our view of the system's continued maintenance of a strong cash position, along with its decreased reliance on impact fees. In addition, Standard & Poor's assigned its 'AA' long-term rating to the city's series 2011 waterworks and sewer system revenue refunding and improvement bonds . The outlook is stable. More specifically, the ratings reflect our opinion of the system's: Strong service area economy, which benefits from the city's access to the Dallas-Fort Worth metropolitan area; Sufficient capacity, coupled with a manageable capital plan; Strong cash position and debt service coverage; and...

Companies mentioned in this report are:
- Mansfield

Action: New Rating
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, READ MORE >

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- Mansfield

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