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Bexar County, TX's Series 2013 Combination Tax And Revenue Certificates Of Obligation Rated 'AA+' Jan 13 Product Image

Bexar County, TX's Series 2013 Combination Tax And Revenue Certificates Of Obligation Rated 'AA+' Jan 13

  • ID: 2384361
  • January 2013
  • Standard & Poors

Abstract
DALLAS (Standard & Poor's) Jan. 24, 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 debt outstanding. The outlook is stable. "The ratings reflect our view of the county's diverse and expanding economy, very diverse property tax base, and very strong levels of reserves," said Standard & Poor's credit analyst Lauren Spalten. County officials will use certificate proceeds primarily to fund capital improvement projects related to U.S. Highway 281 and Loop 1604 transportation. RELATED CRITERIA AND RESEARCH USPF Criteria: GO Debt, Oct. 12, 2006...

Companies mentioned in this report are:
- Bexar Cnty

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

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