Standard&Poor's Ratings Services affirmed its 'AA' rating, with a stable outlook, on Ector County, Texas' general obligation (GO) debt. The rating reflects our opinion of the county's: Inclusion in a portion of the Midland-Odessa metropolitan statistical area (MSA) economy; Historically very strong finances, including the maintenance of, what we consider, very strong general fund reserves; and Low debt, coupled with, what we view as, rapid principal debt amortization and limited additional debt plans. We believe somewhat constraining factors include the county's: Economic and property tax base dependence on the somewhat volatile petrochemical industry; and Adequate, yet below-average, income. The levy and collection of an ad valorem tax on all taxable property within the county secures the bonds. Located
