- Language: English
- Published: March 2012
- Region: Texas
Summary: Harris County Municipal Utility District No.284, Texas; General Obligation Mar 12
- ID: 2091878
- March 2012
- Region: Texas
- Standard & Poors
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: 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 >