Summary: Remington Municipal Utility District No. 1, Texas; General Obligation - S&P Credit Research

Summary: Remington Municipal Utility District No. 1, Texas; General Obligation

1394 words — Published Jan 08, 2010
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Abstract:

Standard&Poor's Ratings Services assigned its 'A-' rating to Remington Municipal Utility District (MUD) No. 1, Texas' series 2010 unlimited-tax refunding bonds. At the same time, Standard&Poor's affirmed its 'A-' underlying rating (SPUR) on the district's existing debt. The outlook is stable. The ratings reflect our view of the district's: Mature status of development, with limited additional capital needs; Participation in and access to the deep and diverse Houston MSA economy; and Strong financial position. These factors are offset, in part, by the district's high overall net debt burden An unlimited ad valorem tax on all taxable property within the district secures the bonds. Officials will use bond proceeds to refund a portion of the MUD's debt

  
Brief Excerpt:

RESEARCH Ratings Definitions Summary: Remington Municipal Utility District No. 1, Texas; General Obligation Publication date: 08-Jan-2010 Primary Credit Analyst: Russell Bryce, Dallas (1) 214-871-1419; russell_bryce@standardandpoors.com...

  
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Summary

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Public Finance
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MLA:
S&P Credit Research. "Summary: Remington Municipal Utility District No. 1, Texas; General Obligation" Jan 08, 2010. Alacra Store. Apr 17, 2014. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Remington-Municipal-Utility-District-No-1-Texas-General-Obligation-768008>
  
APA:
S&P Credit Research. (). Summary: Remington Municipal Utility District No. 1, Texas; General Obligation Jan 08, 2010. New York, NY: Alacra Store. Retrieved Apr 17, 2014 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Remington-Municipal-Utility-District-No-1-Texas-General-Obligation-768008>
  
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