Summary: Irving, Texas; Water/Sewer

S&P Global Ratings has assigned its 'AA+' rating to Irving, Texas' series 2019 waterworks and sewer system new lien revenue improvement bonds. At the same time, we have affirmed our 'AA+' rating on the city's outstanding utility revenue bonds. The outlook is stable. The ratings reflect our assessment of the utility system's very strong enterprise risk profile and very strong financial risk profile, which is trending in a positive direction. Our view of the enterprise profile is supported by the system's: Economic base in the center of the Dallas-Fort Worth-Arlington metropolitan statistical area (MSA), with a vibrant employment base of its own. Irving is home to a number of office parks and corporate campuses, many of which are anchored by

...S&P Global Ratings has assigned its '##+' rating to Irving, Texas' series 2019 waterworks and sewer system new lien revenue improvement bonds. At the same time, we have affirmed our '##+' rating on the city's outstanding utility revenue bonds. The outlook is stable. The ratings reflect our assessment of the utility system's very strong enterprise risk profile and very strong financial risk profile, which is trending in a positive direction. Our view of the enterprise profile is supported by the system's: + Economic base in the center of the Dallas-Fort Worth-Arlington metropolitan statistical area (MSA), with a vibrant employment base of its own. Irving is home to a number of office parks and corporate campuses, many of which are anchored by company headquarters or large regional offices. Irving also has a substantial industrial and distribution presence. Residents also have employment opportunities throughout the MSA given the city's central location; + Affordable water and sewer rates...

Summary