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Montgomery (County of) TX - Moody's Research Report

MOODY'S ASSIGNS Aa2 RATING TO MONTGOMERY COUNTY'S UPCOMING SERIES 2010 TRANSACTIONS

Posted on: July 27, 2010, 5:35 pm

NEW YORK, Jul 27, 2010 -- Moody's Investors Service has assigned a Aa2 underlying rating to the following upcoming issuances by Montgomery County (TX): $43,555,000 Unlimited Tax Refunding Bonds, Series 2010; $10,405,000 Certificates of Obligation Series 2010A; $23,125,000 Certificates of Obligation, Taxable Series 2010B; and $36,100,000 Pass-Through Toll Revenue and Limited Tax Bonds, Series 2010. Concurrently, Moody's affirms the rating on the county's outstanding $232.6 million in outstanding general obligation limited tax debt and $170.6 million general obligation unlimited tax debt. The underlying rating is based on the county's sizable tax base that has experienced consecutive years of expansion , a history of operating surpluses complemented by prudent management, as well as an increasing debt burden...

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