Moody's assigns Aaa to Allen, TX's Series 2022 GOLT; outlook stable

City of Allen, TX: Update to credit analysis - Credit Opinion – 2023/06/28 – US$ 250.00 – ...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....

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....

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...

Allen (City of) TX: Update to credit analysis - Credit Opinion – 2020/06/25 – US$ 250.00 – ...City of Allen, TX's (Aaa stable) credit profile benefits from a large tax base that is supported by its advantageous location in the northern suburbs of Dallas (A1 stable). The city's resident incomes are high and city officials report limited economic disruption related to coronavirus. 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. We regard the coronavirus outbreak as a social risk under our ESG framework, given the substantial implications for public health and safety. We do not see any material immediate credit risks for Allen considering the city's strong finances and the reported nominal revenue declines due to the virus. However, the situation surrounding coronavirus is rapidly evolving and the longer term impact will depend on both the severity and duration...

Moody's assigns Aaa to Allen, TX's Series 2020 GOLT; outlook stable - Rating Action – 2020/06/22 – US$ 180.00 – ...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 COULD RESULT IN THEM BEING CONSIDERED A BENCHMARK. All information contained herein is obtained by MOODY'S from sources believed by it to be accurate and reliable. Because of the possibility of human or mechanical error as well as other factors, however, all information contained herein is provided "AS IS" without warranty of any kind. MOODY'S adopts all necessary measures so that the information it uses in assigning a credit rating is of sufficient quality and from sources MOODY'S considers to be reliable including, when appropriate, independent third-party sources. However, MOODY'S is not an auditor and cannot in every instance independently verify or validate information received in the rating process or in preparing its Publications. To the extent permitted by law, MOODY'S and its directors, officers,...

Allen (City of) TX: Update to credit analysis - Credit Opinion – 2019/05/24 – US$ 250.00 – ...City of Allen, TX (Aaa stable) benefits from a large tax base that is rapidly growing due to the city's favorable location north of Dallas (A1 stable). The city's resident incomes are high and unemployment in the area is low. The city's fiscal management is strong and has allowed it to maintain strong reserves over the long term while maintaining significant revenue raising flexibility. The city's debt burden is low and the pension liability is manageable....