Summary: Blanco County, Texas; General Obligation Aug 12
- ID: 2201890
- August 2012
- Region: Texas
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'A+' long-term rating and stable outlook to Blanco County, Texas' series 2012 certificates of obligation and affirmed its 'A+' underlying rating (SPUR), with a stable outlook, on the county's series 2012 general obligation (GO) refunding bonds. The rating reflects our opinion of the county's: Access to Austin and San Antonio's broader economies, Strong wealth and income, and Very strong finances. We believe the county's lack of significant depth in the local economy and property tax base somewhat constrains the rating. Officials intend to use certificate proceeds to improve county roads and bridges. A limited ad valorem tax levied on all taxable property in the county secures the certificates. We do not view the...
Companies mentioned in this report are: Blanco Cnty
Action: New Rating
Action: Outlook: Stable
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