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Summary: Fort Bend County Levee Improvement District No. 10, Texas; General Obligation Jul 12
Standard & Poors, July 2012
Standard & Poor's Ratings Services assigned its 'A-' long term rating to Fort Bend County Levee Improvement District No. 10, Texas' unlimited tax park bonds. In addition, we affirmed our 'A-' long-term rating and underlying rating (SPUR) on the district's existing general obligation debt. At the time, we withdrew the rating we released on Feb. 28, 2012 because the district never sold the issue. The outlook is stable. The ratings reflect our view of the district's: Access to Houston's deep economic base; Essentially completed development, limiting any additional capital needs; and Very strong finances, coupled with a low direct tax rate. The preceding credit strengths are offset in part by our view of the district's: High overall net debt burden,...
Companies mentioned in this report are: Fort Bend Cnty Levee Imp Dist #10
Action: New Rating
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Fort Bend Cnty Levee Imp Dist #10