- Language: English
- Published: August 2012
- Region: Texas
Summary: Fort Bend County Municipal Utility District No. 30, Texas; General Obligation Feb 12
- ID: 2053277
- February 2012
- Region: Texas
- Standard & Poors
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
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 >