Montgomery County, Tex., MUD Graded A-Plus by S&P

Standard & Poor’s raised its underlying rating on Montgomery County, Tex., Municipal Utility District No. 46’s general obligation debt to A-plus from A-minus, citing  the MUD’s mature status of development and limited future capital needs.

Standard & Poor’s also assigned its A-plus long-term rating to the district’s $6.5 million of Series 2009 waterworks and sewer system unlimited-tax bonds.

The outlook on the ratings is stable.

 

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