- Language: English
- Published: October 2012
- Region: Venezuela
Summary: Harris County Municipal Utility District No. 70, Texas; General Obligation Jul 12
- Published: July 2012
- Region: Texas
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'BBB+' long-term rating and stable outlook to Harris County Municipal Utility District (MUD) No. 70, Texas' series 2012 unlimited-tax general obligation (GO) refunding bonds and affirmed its 'BBB+' long-term rating and 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 economy; Mature development, limiting significant growth-related capital needs; and Strong finances. We believe what we consider the MUD'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 MUD's debt for annual...
Companies mentioned in this report are: Harris Cnty Mun Util Dist #70
Action: New Rating
Action: Outlook: Stable
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Harris Cnty Mun Util Dist #70