Parmer County, TX's Series 2012 Refunding Bonds Rated 'A+' Jan 12
Standard & Poors, January 2012
Abstract
DALLAS (Standard & Poor's) Jan. 12, 2012--Standard & Poor's Ratings Services assigned its 'A+' long-term rating to Parmer County, Texas' series 2012 limited-tax refunding bonds. The outlook is stable. "The rating reflects our view of the county's stable, mostly agricultural local economy, as well as its very strong financial position, as demonstrated by historically very strong general fund balances," said Standard & Poor's credit analyst Lauren Spalten. Bond proceeds will be used to refund a portion of the county's general obligation debt outstanding for savings purposes. RELATED CRITERIA AND RESEARCH USPF Criteria: GO Debt, Oct. 12, 2006...
Companies mentioned in this report are: Parmer Cnty
Action: New Rating
Action: Outlook: Stable
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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Parmer Cnty
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW6
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
