- Published: May 2012
- Region: United States
Summary: Austin County, Texas; General Obligation Jul 12
- Published: July 2012
- Region: Texas
- Standard & Poors
Standard & Poor's Ratings Services affirmed its 'AA-' long-term rating and underlying rating on Austin County, Texas' general obligation debt. The outlook is stable. The ratings reflect our view of the county's: Rapidly expanding tax base, with good transportation access to the Houston metropolitan statistical area (MSA); Very strong financial position and reserves; and Moderate debt burden, with limited future capital needs. Partly offsetting the above strengths, in our view, is the county's lack of formalized financial management policies in some areas. Revenue from an ad valorem tax levied on all taxable property within the county secures the bonds and certificates. With an estimated population of about 28,417, Austin County is located in southeast Texas, about 50 miles west of...
Companies mentioned in this report are: Austin Cnty
Action: Outlook: Stable
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