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Summary: Bexar County, Texas; General Obligation Jan 13
Standard & Poors, January 2013
Standard & Poor's Ratings Services assigned its 'AA+' rating to Bexar County, Texas' series 2013 combination tax and revenue certificates of obligation. At the same time, Standard & Poor's affirmed its 'AA+' long-term rating and underlying rating (SPUR) on the county's general obligation (GO) debt outstanding. The outlook is stable. The ratings reflect our view of the county's: Diverse economy, which has a strong military and tourism presence but is also expanding into other sectors; Very diverse property tax base, which has until recently experienced significant growth; Very strong level of reserves; and Moderately high overall debt burden due mostly to the significant issuances of underlying entities. The county's limited ad valorem tax pledge secures the certificates of obligation. Further...
Companies mentioned in this report are:
- Bexar Cnty
Action: New Rating
Action: Outlook: Stable
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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.
- Bexar Cnty