The rating upgrade on Plano, Texas' bonds reflects: A diversified economic base with significant ongoing additional investment, Sustained strong assessed value (AV) growth enhanced by the city's highly desirable location 20 miles north of the Dallas MSA, Significantly above-average wealth and income levels, Conservative financial and debt management policies reflected in monthly expenditure and revenue reporting, Extremely strong general fund reserve levels augmented by additional reserves in various funds providing significant financial flexibility, and Manageable debt levels enhanced by rapid principal amortization with an increasing percent of financing done on a pay-as-you-go basis and manageable future debt needs. The rating on the city's bonds also reflects the full faith and credit of the city. The estimated population (232,000 in 2000)
