- Published: May 2012
Summary: Cedar Pk, TX; Tax Secured, General Obligation Apr 03
- Published: April 2003
- Standard & Poors
Standard & Poor's Ratings Services revised its outlook on Cedar Park, Texas' outstanding GO bonds to stable from positive reflecting the city's elevating debt burden coupled with moderating economic growth, with the tax base expanding at a much slower rate than anticipated due to lagging regional economic conditions. The 'A' rating on Cedar Park's $7.125 million GO refunding bonds series 2003 is based on the city's full faith and credit pledge and reflects: Proximity to the strong and diverse Austin area economy; An expanding and diversifying tax base; Consistently strong financial performance, while addressing growth-related capital needs; and Above-average wealth and income levels. A very high overall debt burden with continuing capital needs due to population growth partially offsets these...
Companies mentioned in this report are:
- Cedar Park
Action: New Rating
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, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >
- Cedar Park
|Electronic||The report will be emailed to you.|