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Alamo Heights, TX's 2012 General Obligation Bonds Rated 'AA+' Jan 12
Standard & Poors, Jan 2012
Abstract
DALLAS (Standard & Poor's) Jan. 27, 2012--Standard & Poor's Ratings Services assigned its 'AA+' long-term rating to Alamo Heights, Texas' series 2012 general obligation bonds. The outlook is stable. 'The rating reflects our view of the city's extremely strong wealth and very strong income levels, as well as its very strong financial position,' said Standard & Poor's credit analyst Lauren Spalten. City officials will use bond proceeds primarily to fund the construction and equipment of new city hall facilities. RELATED CRITERIA AND RESEARCH USPF Criteria: GO Debt, Oct. 12, 2006...
Companies mentioned in this report are: Alamo Heights
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.
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