Summary: Temple, Texas; General Obligation - S&P Global Ratings’ Credit Research

Summary: Temple, Texas; General Obligation

Summary: Temple, Texas; General Obligation - S&P Global Ratings’ Credit Research
Summary: Temple, Texas; General Obligation
Published Sep 21, 2015
6 pages (2449 words) — Published Sep 21, 2015
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Standard&Poor's Ratings Services assigned its 'AA' rating to Temple, Texas' series 2015 general obligation (GO) refunding and improvement bonds. We also affirmed our 'AA' rating on the city's existing GO debt. The outlook is stable. Ad valorem taxes levied on all taxable property in the city secure the bonds. The maximum allowable rate in Texas is $2.50 per $100 of assessed value (AV) for all purposes, with the portion dedicated to debt service limited to $1.50. The city's levy is below the maximum at 58.64 cents, 25.4 cents of which is dedicated to debt service. Proceeds will be used to refund a portion of the city's existing debt for debt service savings, and for city parks and recreation

  
Brief Excerpt:

...Standard & Poor's Ratings Services assigned its '##' rating to Temple, Texas' series 2015 general obligation (GO) refunding and improvement bonds. We also affirmed our '##' rating on the city's existing GO debt. The outlook is stable. Ad valorem taxes levied on all taxable property in the city secure the bonds. The maximum allowable rate in Texas is $2.50 per $100 of assessed value (AV) for all purposes, with the portion dedicated to debt service limited to $1.50. The city's levy is below the maximum at 58.64 cents, 25.4 cents of which is dedicated to debt service. Proceeds will be used to refund a portion of the city's existing debt for debt service savings, and for city parks and recreation improvements and expansions. The rating reflects our opinion of the city's following factors:...

  
Report Type:

Summary

Issuer
Temple
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Temple, Texas; General Obligation" Sep 21, 2015. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Temple-Texas-General-Obligation-1453990>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Temple, Texas; General Obligation Sep 21, 2015. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Temple-Texas-General-Obligation-1453990>
  
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