Cedar Hill, TX Growing Property Tax Base Propels GO Rating to A+; Utility Rating Raised to A- - S&P Global Ratings’ Credit Research

Cedar Hill, TX Growing Property Tax Base Propels GO Rating to A+; Utility Rating Raised to A-

Cedar Hill, TX Growing Property Tax Base Propels GO Rating to A+; Utility Rating Raised to A- - S&P Global Ratings’ Credit Research
Cedar Hill, TX Growing Property Tax Base Propels GO Rating to A+; Utility Rating Raised to A-
Published Mar 11, 2003
744 words — Published Mar 11, 2003
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

DALLAS (Standard&Poor's) March 11, 2003--Standard&Poor's Ratings Services raised its standard long-term and underlying ratings on Cedar Hill, Texas' general obligation debt outstanding to 'A+' based on the city's sustained property tax base growth and diversification. Standard&Poor's also raised its underlying rating on Cedar Hill's water and sewer system revenue bonds outstanding to 'A-' based on improved debt service coverage and system liquidity and the implementation of a plan to adequately fund an escalating liability to the U.S. Army Corps of Engineers for the Joe Pool Lake project. The rating agency also assigned its 'A+' rating and stable outlook to the city's $2.3 million series 2003 general obligation refunding bonds and $3.0 million series 2003

  
Brief Excerpt:

RESEARCH Cedar Hill, TX Growing Property Tax Base Propels GO Rating to A+; Utility Rating Raised to A- Publication date: 11-Mar-2003 DALLAS (Standard & Poor's) March 11, 2003--Standard & Poor's Ratings Services raised its standard long-term...

  
Report Type:

Ratings Action

Issuer
Cedar Hill
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

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. "Cedar Hill, TX Growing Property Tax Base Propels GO Rating to A+; Utility Rating Raised to A-" Mar 11, 2003. Alacra Store. May 18, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Cedar-Hill-TX-Growing-Property-Tax-Base-Propels-GO-Rating-to-A-Utility-Rating-Raised-to-A-302131>
  
APA:
S&P Global Ratings’ Credit Research. (). Cedar Hill, TX Growing Property Tax Base Propels GO Rating to A+; Utility Rating Raised to A- Mar 11, 2003. New York, NY: Alacra Store. Retrieved May 18, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Cedar-Hill-TX-Growing-Property-Tax-Base-Propels-GO-Rating-to-A-Utility-Rating-Raised-to-A-302131>
  
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.