Bexar County, TX's Series 2013 Combination Tax And Revenue Certificates Of Obligation Rated 'AA+' Jan 13
- ID: 2384361
- January 2013
- Standard & Poors
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: New Rating
Action: Outlook: Stable
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Research type: News
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