Summary: Northwest Harris County Municipal Utility District No. 19, Texas; General Obligation Jan 12
- ID: 2040208
- January 2012
- Region: Texas
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'BBB' underlying rating (SPUR) to Northwest Harris County Municipal Utility District (MUD) No. 19, Texas' series 2012 unlimited tax bonds. At the same time, Standard & Poor's affirmed its 'BBB' SPUR on the district's existing general obligation (GO) debt. The outlook on all ratings is stable. The rating reflects our view of the district's: High direct property tax rate and High overall net debt. The preceding factors are offset, in part, by our view of the district's: Access to the deep and diverse economy of the Houston Metropolitan Statistical Area and Strong financial position coupled with very strong debt service coverage. The district's unlimited ad valorem tax pledge secures the bonds. We understand...
Companies mentioned in this report are:
- Northwest Harris Cnty Mun Util Dist #19
Action: New Rating
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