• +353-1-415-1241(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Summary: Harris County Municipal Utility District No.284, Texas; General Obligation Mar 12 Product Image

Summary: Harris County Municipal Utility District No.284, Texas; General Obligation Mar 12

  • Published: March 2012
  • Region: Texas
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'BBB-' long-term rating to Harris County Municipal Utility District (MUD) No. 284, Texas' series 2012 unlimited-tax general obligation (GO) bonds. At the same time, Standard & Poor's affirmed its 'BBB-' underlying rating (SPUR) on the district's existing GO debt. The outlook on all ratings is stable. The ratings reflect our view of the district's: Growing status of development coupled with significant capital needs; High direct property tax rate; and High overall net debt burden, coupled with slow amortization. The preceding credit factors are partly offset by our view of the district's: Access to, and participation in, the Houston MSA's deep and diverse economy; and Very strong financial position coupled with a very strong...

Companies mentioned in this report are: Harris Cnty Mun Util Dist #284
Action: Affirmed
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 READ MORE >

Harris Cnty Mun Util Dist #284

Note: Product cover images may vary from those shown

RELATED PRODUCTS