Angleton, TX GO Bond Rating Raised To #AA-# Due To Application Of Our Updated Criteria

Stocks and Financial Services Press Releases Wednesday December 18, 2013 09:08
DALLAS--18 Dec--Standard & Poor's

DALLAS (Standard & Poor's) Dec. 17, 2013-- Standard & Poor's Ratings Services raised its long-term and underlying rating (SPUR) to 'AA-' from 'A+' on Angleton, Texas' existing general obligation (GO) bonds. The outlook is stable.

"The raised rating reflects the application of our recently released local GO criteria," said Standard & Poor's credit analyst Kate Choban. "Further supporting the rating is our view of the city's very strong budgetary flexibility and liquidity," Ms. Choban added.

Angleton, with an estimated population of 19,215, is located in Brazoria County roughly 40 miles south of Houston, affording residents direct access to the broad and diverse Houston and Freeport MSAs.

Latest Press Release

WICE establishes a joint-venture, EUROASIA TOTAL LOGISTICS, with its holding 40% of shares to provide cross-border transport services between China, Hong Kong

WICE establishes a joint-venture, "EUROASIA TOTAL LOGISTICS", with its holding 40% of shares to provide cross-border transport services between China, Hong Kong, and South East Asia with the expectation to achieve the first year's revenue at 200 million...

Photo Release: Krungsri Asset Management wins Best Asset Fund Manager 2018 from Alpha Southeast Asia

Miss Siriporn Sinacharoen, Managing Director, Krungsri Asset Management Company Limited received the Best Asset & Fund Manager Award 2018 from Alpha Southeast Asia magazine at a presentation ceremony on 18 September 2018. Behind-success factors...

Bangkok Bank Public Company Limited Offshore Offering and Issuance of US$1.2 Billion Senior Unsecured Notes under its US$3,000,000,000 Global Medium Term Note Program

Bangkok Bank Public Company Limited (the Bank), acting through its Hong Kong Branch, has offered and issued the following 2 tranches of US$1.2 billion senior and unsecured notes (the Notes) under its US$3,000,000,000 Global Medium Term Note Program to...

KBank-Visa to pilot blockchain based B2B payments

Kasikornbank is the first Thai bank in the pilot designed to simplify the cross-border payments, making it more transparent Visa today announced Kasikornbank is the first Thai financial institution to join the Visa B2B Connect pilot program. Visa B2B...

Photo Release: KBank offers financial facility to a leading plastic packaging company

At KBank Head Office, Mr. Thawee Teerasoontornwong (5th from right), KBank Executive Vice President, Mr. Wiwatana Panithansirikul (5th from left), Chief Executive Officer, and Ms. Suporn Panithansirikul (4th from left), Executive Director of S.P. PetPack...

Related Topics