- Language: English
- 128 Pages
- Published: January 2012
- Region: Global, United States
Summary: Grand Lakes Municipal Utility District No. 1, Texas; General Obligation Feb 12
- Published: February 2012
- Region: Texas
- Standard & Poors
Standard & Poor's Ratings Services has raised its underlying rating (SPUR) on Grand Lakes Municipal Utility District (MUD) No. 1 Texas' existing general obligation (GO) bonds to 'A' from 'A-'. Standard & Poor's also assigned its 'A' long-term rating to the district's series 2012 unlimited-tax refunding bonds. The outlook on all ratings is stable. The upgrade reflects our view of the district's stable and developed property tax base, which has allowed the district to decrease its property tax rate and provide for future financial flexibility. Given this decrease to the property tax rate and the maintenance of a strong reserve position, the district's increased financial flexibility provides further credit stability. The rating also reflects our opinion of the district's: Participation...
Companies mentioned in this report are: Grand Lakes Mun Util Dist #1
Action: New Rating
Action: Outlook: Stable
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Grand Lakes Mun Util Dist #1