Summary: Ector County, Texas; General Obligation - S&P Global Ratings’ Credit Research

Summary: Ector County, Texas; General Obligation

Summary: Ector County, Texas; General Obligation - S&P Global Ratings’ Credit Research
Summary: Ector County, Texas; General Obligation
Published Nov 06, 2024
6 pages (2389 words) — Published Nov 06, 2024
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'AA-' long-term rating to Ector County, Texas' estimated $318.8 million series 2024 certificates of obligation (COs), based on the application of its "Methodology For Rating U.S. Governments" criteria, published Sept. 9, 2024, on RatingsDirect. S&P Global Ratings also affirmed its 'AA-' rating on the county's certificates of obligation outstanding. The outlook is stable. The 2024 and outstanding certificates are payable from the receipts of a direct and continuing annual ad valorem tax levied, within limits prescribed by law, on all taxable property within the county. The 2024 COs are additionally secured by a net revenue pledge from the county's jail, limited to $1,000. Given the de minimis revenue pledge, we rate the COs based solely

  
Brief Excerpt:

...Institutional framework (IF) 1 Individual credit profile (ICP) 2.80 Economy 4.5 Financial performance 2 Reserves and liquidity 1 Debt and liabilities 3.50 Management 3.00...

  
Report Type:

Summary

Issuer
Ector County
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: Ector County, Texas; General Obligation" Nov 06, 2024. Alacra Store. May 02, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Ector-County-Texas-General-Obligation-3280040>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Ector County, Texas; General Obligation Nov 06, 2024. New York, NY: Alacra Store. Retrieved May 02, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Ector-County-Texas-General-Obligation-3280040>
  
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