The rating on Denton County, Texas' GO bonds is based on the full faith and credit GO pledge of the county. The rating reflects the county's: Diversified economy and expanding tax base, Above-average income levels despite a large student population, Historically strong financial management and financial position, and Moderate debt levels with limited future capital needs. Denton County (population 373,850) is in the northern part of the Dallas, Texas-Fort Worth, Texas MSA and has experienced rapid growth as the metroplex has expanded northward. Colleges and institutions in the county seat of Denton have been a stabilizing force for a diversifying economy as the road network has expanded to open the southern portion of the county for new development. Leading employers
