Summary: Starbright Industrial Development Corp., Texas   San Antonio; Appropriations - S&P Global Ratings’ Credit Research

Summary: Starbright Industrial Development Corp., Texas San Antonio; Appropriations

Summary: Starbright Industrial Development Corp., Texas   San Antonio; Appropriations - S&P Global Ratings’ Credit Research
Summary: Starbright Industrial Development Corp., Texas San Antonio; Appropriations
Published May 24, 2013
Published May 24, 2013
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Standard&Poor's Ratings Services assigned its 'AA+' long-term rating to Starbright Industrial Development Corp., Texas' series 2013 contract revenue refunding bonds. At the same time, Standard&Poor's affirmed its 'AA+' rating on the corporation's contract revenue debt outstanding. The corporation's contract revenue is supported by San Antonio, Texas (AAA/Stable general obligation, or GO, debt rating). The outlook on all ratings is stable. For more information on San Antonio's GO debt, please refer to the report published Oct. 1, 2012 on RatingsDirect. San Antonio's portion of revenues received from City Public Service (CPS) secures the bonds. The revenue transfers from CPS to the city are subject to the availability of excess CPS funds, but according to its bond ordinance,

  
Report Type:

Summary

Ticker
2870Z
Issuer
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Starbright Industrial Development Corp., Texas San Antonio; Appropriations" May 24, 2013. Alacra Store. May 11, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Starbright-Industrial-Development-Corp-Texas-San-Antonio-Appropriations-1137092>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Starbright Industrial Development Corp., Texas San Antonio; Appropriations May 24, 2013. New York, NY: Alacra Store. Retrieved May 11, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Starbright-Industrial-Development-Corp-Texas-San-Antonio-Appropriations-1137092>
  
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