City of Allen, TX: Update to credit analysis - Moody's Global Credit Research

City of Allen, TX: Update to credit analysis

City of Allen, TX: Update to credit analysis - Moody's Global Credit Research
City of Allen, TX: Update to credit analysis
Published Jun 28, 2023
9 pages (4369 words) — Published Jun 28, 2023
Price US$ 250.00  |  Buy this Report Now

About This Report

  
Brief Excerpt:

...The City of Allen, TX (Aaa stable) benefits from a large and growing economy driven by its favorable location just north of Dallas (A1 stable), with strong resident income and full value per capita indices. Financial operations are sound, led by a strong fiscal management team, yielding robust available fund balance and liquidity levels that are expected to remain so through revenue growth and conservative budgeting. The city's long term liabilities and fixed costs are manageable and slightly below the median for same-rated peers....

  
Report Type:

Credit Opinion

Issuer
Allen (City of) TX
Format:
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Moody's assigns Aaa to Allen, TX's Series 2023 GOs; outlook stable - Rating Action – 2023/06/26 – US$ 180.00 – ...MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...

Allen (City of) TX: Update to credit analysis - Credit Opinion – 2022/05/20 – US$ 250.00 – ...The City of Allen, TX's (Aaa stable) credit profile benefits from a large tax base, which is supported by its advantageous location in the northern suburbs of Dallas. The city's resident incomes are high and there has been no negative economic impact from COVID-19. The city's fiscal management is strong and has maintained strong reserves over the long term, especially when considering assigned funds that could be reallocated to support operations if needed. The city's debt burden is low and the pension liability is manageable. On May 18, 2022, Moody's assigned a Aaa general obligation limited tax (GOLT) rating to the city's Series 2022 bonds....

Moody's assigns Aaa to Allen, TX's Series 2022 GOLT; outlook stable - Rating Action – 2022/05/18 – US$ 180.00 – ...MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...

Allen (City of) TX: Update to credit analysis - Credit Opinion – 2021/06/02 – US$ 250.00 – ...City of Allen, TX's (Aaa stable) credit profile benefits from a large tax base, which is supported by its advantageous location in the northern suburbs of Dallas (A1 stable). The city's resident incomes are high and economic disruption related to the COVID-19 pandemic has been minimal. The city's fiscal management is strong and has allowed it to maintain strong reserves over the long term, especially when considering assigned funds that could be reallocated to support operations if needed. The city's debt burden is low and the pension liability is manageable....

Moody's assigns Aaa to Allen, TX's Series 2021 GOLT; outlook stable - Rating Action – 2021/05/28 – US$ 180.00 – ...MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...

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Moody's Global Credit Research—Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.

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Cite this Report

  
MLA:
Moody's Global Credit Research. "City of Allen, TX: Update to credit analysis" Jun 28, 2023. Alacra Store. May 06, 2024. <http://www.alacrastore.com/moodys-credit-research/City-of-Allen-TX-Update-to-credit-analysis-PBM_1372629>
  
APA:
Moody's Global Credit Research. (). City of Allen, TX: Update to credit analysis Jun 28, 2023. New York, NY: Alacra Store. Retrieved May 06, 2024 from <http://www.alacrastore.com/moodys-credit-research/City-of-Allen-TX-Update-to-credit-analysis-PBM_1372629>
  
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