Summary: West Rusk County Consolidated Independent School District, Texas; General Obligation Feb 13
- Language: English
- Published: February 2013
- Region: Texas
Standard & Poor's Ratings Services assigned its 'A' rating and stable outlook to Rusk, Texas series 2013 general obligation (GO) refunding bonds and series 2013 tax and waterworks and sewer system surplus revenue certificates of obligation. The rating reflects our opinion of the city's: Stable, but limited, local economy, anchored by government employment; Strong general fund position compared to expenditures, albeit nominally small; and Low market value debt with no additional bonding plans. We believe these strengths are somewhat weakened by the city's: Adequate medium household effective buying income and low per capita effective buying income; and Limited revenue-raising flexibility, resulting in a reliance on utility system revenue to support operations. An ad valorem tax pledge secures the bonds. An...
Companies mentioned in this report are:
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 creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
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. SHOW LESS READ MORE >