| Title: | Brazosport College District, TX's Bonds Rated 'AA-' On Sound Financial Position |
| Price: | $100.00 |
| Publication Date: | May 05, 2008 |
| Report Type: | News |
| Abstract: | DALLAS (Standard&Poor's) May 5, 2008--Standard&Poor's Ratings Services assigned its 'AA-' long-term rating, and stable outlook, to Brazosport College District, Texas' $28.5 million series 2008 limited-tax general obligation (GO) bonds. The rating reflects the district's participation in the deep and diverse Houston metropolitan statistical area (MSA); low tax rate, providing significant taxing flexibility based on the district's large and growing total assessed value (AV); and sound financial position, supported by diverse and stable revenue streams, along with a history of strong reserves. Mitigating credit factors include the district's high economic and property tax base concentration in the petrochemical sector; and moderate debt burden, with future debt-financed capital needs. "We expect that the district's financial position will remain |
| Brief Excerpt: | RESEARCH Ratings Definitions Brazosport College District, TX's Bonds Rated '##-' On Sound Financial Position Publication date: ##-May-#### Primary Credit Analyst: Sarah Smaardyk, Dallas (#) ###-###-####; sarah_smaardyk@standardandpoors.com... |
| Word Count: | 756 |
| Issuer: | Brazosport Coll Dist |
| Sector: | Public Finance |
| Country: | United States |
| Region: | United States |
| Format: | 
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