Standard & Poor's Ratings Services assigned its 'BBB+' long-term rating and stable outlook to Fort Bend County Municipal Utility District (MUD) No. 30, Texas' series 2012 unlimited-tax general obligation (GO) refunding bonds and affirmed its 'BBB+' underlying rating (SPUR), with a stable outlook, on the district's existing GO debt. The rating reflects our opinion of the district's: Access to Houston's deep economic base, and Very strong finances. We believe what we consider the district's high overall debt somewhat constrains the rating. An unlimited ad valorem tax levied on all taxable property in the district secures the bonds. Officials intend to use bond proceeds to refund a portion of the district's series 2004 bonds, resulting in an estimated present value savings...
Companies mentioned in this report are: Fort Bend Cnty Mun Util Dist #30
Action: New Rating
Action: Outlook: Stable
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