TITLE

S&P Improves Its Outlook on Houston's AA-Minus Debt to Positive

AUTHOR(S)
Albanese, Elizabeth
PUB. DATE
November 2004
SOURCE
Bond Buyer;11/17/2004, Vol. 350 Issue 32012, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on Standard & Poor Corp.'s decision to improve its outlook on Houston Country, Texas's improving economy rating to positive from stable. The agency rates the city AA-minus. Fitch Ratings assigned the deal an AA rating with a stable outlook. The development at the Port of Houston and in the city's Medical Center boasts hospitals as M.D. Anderson Hospital, St. Luke's Hospital and Memorial Hospital, as positive indicators for the city. The city has worked to control expenditures and deal with such issues as an underfunded pension liability were cited as factors in the revision.
ACCESSION #
15113217

 

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