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.

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