Standard & Poor's Ratings Services assigned its 'A-' long-term rating, and stable outlook, to Fort Bend County Municipal Utility District (MUD) No. 25, Texas' series 2010 unlimited-tax general obligation (GO) refunding bonds and affirmed its 'A-' underlying rating (SPUR), with a stable outlook, on the district's existing GO debt. The rating reflects our view of the district's: Participation in the Houston metropolitan statistical area (MSA), boosting wealth and income indicators; Sizable property tax base that has experienced healthy growth; and Sound financial position. Our view of the district's high overall net debt burden and additional capital needs offsets, in part, these strengths. Located approximately 20 miles southwest of Houston's central business district, MUD No. 25 encompasses roughly 1,476 acres. The...
Companies mentioned in this report are:
- Fort Bend Cnty Mun Util Dist #25
Action: New Rating
Action: Outlook: Stable
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