Standard&Poor's Ratings Services affirmed its 'AAA' long-term rating to Denton County, Texas' existing general obligation (GO) debt. The outlook on the rating is stable. The rating continue to reflect the county's: Participation in the deep and diverse Dallas-Fort Worth metropolitan statistical area (MSA); Stable economy and employment base, featuring higher-education and public sector employment opportunities and an expanding commercial sector; Very strong income levels and strong wealth levels; Good management practices and policies, which mitigate any long-term concerns regarding the county's ability to manage rapid population growth; Very strong financial position; and Relatively low level of funding interdependencies with the federal government. While overall debt ratios are moderately high, the direct debt issued by the county remains manageable.
