Helotes, TX GO Bond Rating Raised To #AA# Due To Application Of Our Recently Updated Criteria

Stocks and Financial Services Press Releases Thursday December 19, 2013 10:04
DALLAS--19 Dec--Standard & Poor's

DALLAS (Standard & Poor's) Dec. 18, 2013-- Standard & Poor's Ratings Services raised its long-term and underlying rating (SPUR) to 'AA' from 'A+' on Helotes, Texas' existing general obligation (GO) bonds. The outlook is stable.

"The raised rating is based on 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 economy, liquidity, and budgetary performance," Ms. Choban added. Helotes has an estimated population of 7,060 and is located in Bexar County, roughly 20 miles northwest of downtown San Antonio, affording residents direct access to the broad and diverse San Antonio MSA.


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