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Summary: Bexar County, Texas; General Obligation Jan 13

  • ID: 2383581
  • January 2013
  • Region: Texas
  • Standard & Poors
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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: Affirmed
Action: New Rating
Action: Outlook: Stable

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's READ MORE >

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- Bexar Cnty

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