Harris County Fresh Water Supply District No. 61, Texas; General Obligation - S&P Credit Research

Harris County Fresh Water Supply District No. 61, Texas; General Obligation

1465 words — Published May 14, 2007
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Abstract:

Standard&Poor's Ratings Services assigned its 'BBB+' standard long-term rating, and stable outlook, to Harris County Fresh Water Supply District No. 61, Texas' series 2007 unlimited-tax GO bonds and affirmed its 'BBB+' Standard&Poor's underlying rating (SPUR), with a stable outlook, on the district's preexisting GO debt. The ratings reflect the district's: Nearly completed infrastructure development and no remaining currently identified developer reimbursements, Steadily growing property tax base with participation in the Houston MSA, and Solid financial position with healthy reserves. The district's high overall debt burden, with significant capacity-related capital needs in the intermediate future, offsets, in part, these factors. An unlimited ad valorem tax on all taxable property within the district secures the bonds. District officials

  
Brief Excerpt:

RESEARCH Ratings Definitions Harris County Fresh Water Supply District No. 61, Texas; General Obligation Publication date: 14-May-2007 Current Ratings >> Credit Profile US$7.66 mil unltd tax bnds ser 2007 dtd 06/01/2007 due 09/01/2030...

  
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MLA:
S&P Credit Research. "Harris County Fresh Water Supply District No. 61, Texas; General Obligation" May 14, 2007. Alacra Store. Jul 22, 2014. <http://www.alacrastore.com/s-and-p-credit-research/Harris-County-Fresh-Water-Supply-District-No-61-Texas-General-Obligation-578257>
  
APA:
S&P Credit Research. (). Harris County Fresh Water Supply District No. 61, Texas; General Obligation May 14, 2007. New York, NY: Alacra Store. Retrieved Jul 22, 2014 from <http://www.alacrastore.com/s-and-p-credit-research/Harris-County-Fresh-Water-Supply-District-No-61-Texas-General-Obligation-578257>
  
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