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Summary: Mansfield, Texas; General Obligation Apr 09 Product Image

Summary: Mansfield, Texas; General Obligation Apr 09

  • Published: April 2009
  • Region: Texas
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services has assigned its 'AA' long-term rating to Mansfield, Texas' series 2009 general obligation (GO) refunding bonds. In addition, the rating service affirmed its 'AA' underlying rating (SPUR) on the city's existing GO debt. The rating reflects our view of the city's: Access to the vibrant Dallas-Fort Worth metropolitan area; Diverse tax base, with healthy assessed value (AV) growth; High wealth and income levels; and Strong general fund balances, supported by strong financial management policies and practices according to Standard & Poor's Financial Management Assessment (FMA). These strengths are somewhat mitigated, in our opinion, by the city's significant growth pressures and capital needs, coupled with a moderately high overall debt burden as a percent of market...

Companies mentioned in this report are:
- Mansfield

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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- Mansfield

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