Austin, TX Series 2017 Bonds Rated 'AAA' With A Stable Outlook; Other Ratings Affirmed - S&P Global Ratings’ Credit Research

Austin, TX Series 2017 Bonds Rated 'AAA' With A Stable Outlook; Other Ratings Affirmed

Austin, TX Series 2017 Bonds Rated 'AAA' With A Stable Outlook; Other Ratings Affirmed - S&P Global Ratings’ Credit Research
Austin, TX Series 2017 Bonds Rated 'AAA' With A Stable Outlook; Other Ratings Affirmed
Published Aug 16, 2017
3 pages (1377 words) — Published Aug 16, 2017
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

DALLAS (S&P Global Ratings) Aug. 16, 2017--S&P Global Ratings assigned its 'AAA' rating and stable outlook to the City of Austin, Texas' series 2017 public improvement, series 2017 certificates of obligation, series 2017 public property finance contractual obligations, and series 2017 taxable public improvement bonds. At the same time, S&P Global Ratings affirmed its 'AAA' rating, with a stable outlook, on the city's general obligation (GO) debt and certificates of obligation outstanding. In addition, S&P Global Ratings affirmed its 'AA+' rating, with a stable outlook, on Mueller Local Government Corp.'s appropriation debt, supported by the city. The certificates of obligation, public improvement bonds, and public property finance contractual obligations are payable from an ad valorem tax, levied within the limits

  
Brief Excerpt:

...DALLAS (S&P Global Ratings) Aug. 16, 2017--S&P Global Ratings assigned its '###' rating and stable outlook to the City of Austin, Texas' series 2017 public improvement, series 2017 certificates of obligation, series 2017 public property finance contractual obligations, and series 2017 taxable public improvement bonds. At the same time, S&P Global Ratings affirmed its '###' rating, with a stable outlook, on the city's general obligation (GO) debt and certificates of obligation outstanding. In addition, S&P Global Ratings affirmed its '##+' rating, with a stable outlook, on Mueller Local Government Corp.'s appropriation debt, supported by the city. The certificates of obligation, public improvement bonds, and public property finance contractual obligations are payable from an ad valorem tax, levied within the limits prescribed by law, on all taxable property within Austin. A limited surplus revenue pledge of the city's solid waste disposal system in an amount not to exceed $1,000 further...

  
Report Type:

Ratings Action

Issuer
Sector
Global Issuers, Public Finance
Country
Region
Format:
PDF Adobe Acrobat
Buy Now

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Austin, TX Series 2017 Bonds Rated 'AAA' With A Stable Outlook; Other Ratings Affirmed" Aug 16, 2017. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Austin-TX-Series-2017-Bonds-Rated-AAA-With-A-Stable-Outlook-Other-Ratings-Affirmed-1901445>
  
APA:
S&P Global Ratings’ Credit Research. (). Austin, TX Series 2017 Bonds Rated 'AAA' With A Stable Outlook; Other Ratings Affirmed Aug 16, 2017. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Austin-TX-Series-2017-Bonds-Rated-AAA-With-A-Stable-Outlook-Other-Ratings-Affirmed-1901445>
  
US$ 150.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.