The 'AA' rating on Denton County, Texas' tax notes is based on the county's limited-tax pledge. The rating reflects the county's: Location at the northern edge of the rapidly growing Dallas-Fort Worth Metroplex with its diverse economic and employment base, Sustained rapid tax base growth, Above-average income levels, and Continued strong financial performance and position despite some general fund balance drawdowns for capital projects and land acquisitions. Offsetting credit factors include: A high overall debt burden, and Significant capital needs due to rapid development. Denton County is at the northern edge of the Dallas-Fort Worth Metroplex and has experienced rapid growth as the Metroplex has expanded northward. The county's population has increased more than 19% over the past three years
