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

City of College Station, TX: Update to credit analysis

City of College Station, TX: Update to credit analysis - Moody's Global Credit Research
City of College Station, TX: Update to credit analysis
Published May 26, 2023
9 pages (4870 words) — Published May 26, 2023
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About This Report

  
Brief Excerpt:

...The City of College Station, TX's (Aa1 stable) credit profile benefits from a large and expanding economy that is anchored by Texas A&M University's System's (Aaa stable) flagship campus as well as stable operations highlighted by above average reserves and liquidity. The city's resident income and full value per capita are below average for the rating category, however, these factors are mitigated by the economic stability of Texas A&M University's roughly 68,500 students and economic diversification in recent years that has resulted in modest improvement in both metrics. Positively, the city's leverage and fixed costs are in line with national peers despite recent issuances to address growth related infrastructure needs....

  
Report Type:

Credit Opinion

Issuer
College Station (City of) TX
Format:
PDF Adobe Acrobat
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Moody's assigns Aa1 to City of College Station, TX's GO Bonds, Series 2023; outlook stable - Rating Action – 2023/05/25 – 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...

College Station (City of) TX: Update to credit analysis - Credit Opinion – 2022/06/30 – US$ 250.00 – ...The City of College Station (Aa1 stable) benefits from a large and growing tax base anchored by Texas A&M University's (Aaa stable) flagship campus. The city's median family income is below-average for the rating category due to the large student population. The city will likely maintain stable financial operations and healthy reserves because of conservative fiscal management. The debt burden will likely remain manageable but has increased recently due in part to infrastructure improvements and expansions to keep up with the city's growing population and economy. The city's unfunded pension liability is moderate and will likely remain so....

Moody's assigns Aa1 to City of College Station, TX's GOLT Bonds, Series 2022; outlook stable - Rating Action – 2022/06/29 – 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...

College Station (City of) TX: Update to credit analysis - Credit Opinion – 2021/05/21 – US$ 250.00 – ...The City of College Station, TX's (Aa1 stable) credit profile benefits from the city's large and growing tax base anchored by Texas A&M University System's (Aaa stable) flagship campus, steady and favorable operating performance with maintenance of healthy reserves, and manageable debt and pension burdens supported by the city's strong utility funds. These strengths are somewhat offset by the city's high concentration in education coupled with infrastructure and transportation challenges derived from the university's recent rapid growth. The significant student population also depresses the city's median family income below the peer group, although levels are consistent with issuers that demonstrate high educational institutional presence....

Moody's assigns Aa1 to City of College Station, TX's GOLT Bonds, Series 2021 - Rating Action – 2021/05/21 – 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 College Station, TX: Update to credit analysis" May 26, 2023. Alacra Store. May 25, 2024. <http://www.alacrastore.com/moodys-credit-research/City-of-College-Station-TX-Update-to-credit-analysis-PBM_1369150>
  
APA:
Moody's Global Credit Research. (). City of College Station, TX: Update to credit analysis May 26, 2023. New York, NY: Alacra Store. Retrieved May 25, 2024 from <http://www.alacrastore.com/moodys-credit-research/City-of-College-Station-TX-Update-to-credit-analysis-PBM_1369150>
  
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