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Celina, TX's GO SPUR Raised To 'A' On Improved Financial Position

Published Mar 08, 2010

935 words — Published Mar 08, 2010

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Abstract:

DALLAS (Standard&Poor's) March 8, 2010-- Standard&Poor's Ratings Services raised its underlying rating (SPUR) to 'A' from 'BBB' on Celina, Texas' outstanding general obligation (GO) debt. The outlook is stable. "The raised rating is based on our view of the city's improved financial position, with maintenance of sound reserves," said Standard&Poor's credit analyst Kate Choban. "Further supporting the rating are the city's good wealth and income levels." Management is considering the issuance of debt within the next 12 to 18 months for the construction of a second fire station, however the amount of issuance has not yet been determined. Celina, with a population of about 5,114, is in northern Collin County, about 40 miles north

Brief Excerpt:

RESEARCH Celina, TX's GO SPUR Raised To 'A' On Improved Financial Position Publication date: 08-Mar-2010 Primary Credit Analyst: Kate Choban, Dallas (1) 214-871-1420; kate_choban@standardandpoors.com Secondary Credit Analyst: Russell...

Report Type:

Ratings Action

Issuer

Celina

Sector

Public Finance

Country

United States

Region

United States

Format:

HTML

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MLA:	S&P Global Ratings’ Credit Research. "Celina, TX's GO SPUR Raised To 'A' On Improved Financial Position" Mar 08, 2010. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Celina-TX-s-GO-SPUR-Raised-To-A-On-Improved-Financial-Position-780200>

APA:	S&P Global Ratings’ Credit Research. (). Celina, TX's GO SPUR Raised To 'A' On Improved Financial Position Mar 08, 2010. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Celina-TX-s-GO-SPUR-Raised-To-A-On-Improved-Financial-Position-780200>

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