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Summary: Shasla Pub Util Dist, TX; Tax Secured, General Obligation May 05

  • ID: 2033625
  • May 2005
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services affirmed its 'BBB' rating, and stable outlook, on Shasla Public Utility District, Texas' unlimited-tax GO debt outstanding. The rating reflects the district's: Limited, entirely residential property tax base of just $65 million; and High, but moderating, debt burden. These factors are offset, in part, by the district's: Essentially complete status of development, which should limited future capital needs; and Healthy financial position. Shasla Public Utility District is 25 miles northwest of Houston, Texas' central business district and is in Houston's extraterritorial jurisdiction. The 208-acre district is entirely residential and is essentially completely developed with water and sewer infrastructure. The district contains more than 730 developed lots, which include roughly 700 occupied homes. New homes are...

Companies mentioned in this report are:
- Shasla Pub Util Dist

Action: Affirmed
Action: Outlook: Stable

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- Shasla Pub Util Dist

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