Summary: Harris County Municipal Utility District No. 460, Texas; General Obligation - S&P Global Ratings’ Credit Research

Summary: Harris County Municipal Utility District No. 460, Texas; General Obligation

Summary: Harris County Municipal Utility District No. 460, Texas; General Obligation - S&P Global Ratings’ Credit Research
Summary: Harris County Municipal Utility District No. 460, Texas; General Obligation
Published May 23, 2023
6 pages (2199 words) — Published May 23, 2023
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings raised its underlying rating to 'BBB' from 'BBB-' on Harris County Municipal Utility District (MUD) No. 460, Texas' general obligation (GO) bonds outstanding. At the same time, S&P Global Ratings assigned its 'BBB' underlying rating to the district's $15.6 million series 2023 unlimited-tax bonds. The outlook is stable. The upgrade reflects the district's significant tax base growth and maintenance of very strong reserves. The bonds are payable from the proceeds of an annual ad valorem tax, without legal limitation as to rate or amount, levied upon all taxable property within the district. Bond proceeds will be used to reimburse developers for the construction of water, wastewater, and drainage facilities. The district is located within the greater Houston

  
Brief Excerpt:

...+ S&P Global Ratings raised its underlying rating to '###' from '###-' on Harris County Municipal Utility District (MUD) No. 460, Texas' general obligation (GO) bonds outstanding. + At the same time, S&P Global Ratings assigned its '###' underlying rating to the district's $15.6 million series 2023 unlimited-tax bonds. + The outlook is stable. + The upgrade reflects the district's significant tax base growth and maintenance of very strong reserves....

  
Report Type:

Summary

Issuer
Harris County Municipal Utility District No.460
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: Harris County Municipal Utility District No. 460, Texas; General Obligation" May 23, 2023. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Harris-County-Municipal-Utility-District-No-460-Texas-General-Obligation-2990690>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Harris County Municipal Utility District No. 460, Texas; General Obligation May 23, 2023. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Harris-County-Municipal-Utility-District-No-460-Texas-General-Obligation-2990690>
  
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