- Language: English
- Published: November 2011
- Region: Texas
Summary: Pflugerville, Texas; General Obligation Nov 10
- ID: 2127544
- November 2010
- Region: Texas
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA-' rating to Pflugerville, Texas' series 2010 combination tax and revenue certificates of obligation, limited-tax bonds, and limited-tax refunding bonds. At the same time, we affirmed our 'AA-' rating and underlying rating (SPUR) on the city's existing general obligation (GO) debt. The ratings reflect our view of the city's: Limited local economic base, which is gradually expanding due to the city's proximity to the broad and diverse Austin, Texas ('AAA/Stable' GO SPUR) regional economy; Very strong income levels; and Very strong financial reserves. These factors are offset in part by our opinion of the city's: Moderate overall debt levels coupled with elevated carrying charges, and Near-term growth pressures. The city's full faith and...
Companies mentioned in this report are:
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 >