...DALLAS (Standard & Poor's) Aug. 26, 2015--Standard & Poor's Ratings Services raised its long-term rating to '##' from '###+' on Cedar Park, Texas' general obligation (GO) bonds (originally issued by Bella Vista Municipal Utility District). The outlook is stable. At the same time, Standard & Poor's raised its underlying rating (SPUR) to '##' from '###+' on the city's GO bonds (originally issued by Williamson-Travis County Municipal Utility District No. 1G). Finally, Standard & Poor's also affirmed its '##' long-term rating and underlying rating (SPUR) on the city's existing GO debt. The outlook on all ratings is stable. "The raised ratings are due to the annexation of the municipal utility districts by Cedar Park on Dec. 22, 2014," said Standard & Poor's credit analyst Jennifer Garza. "The stable outlook reflects our anticipation that Cedar Park will likely continue to experience residential and commercial growth due to its access to Austin's deep and growing economy," Ms. Garza added. An...
