Standard & Poor's Ratings Services said it raised its long-term rating to AA from AA-minus on Atascosa County, Texas' existing general obligation debt.
The outlook is stable.
"The raised rating is due primarily to our view of the county's continued strong tax base growth and exceptionally strong fund balance levels," said Standard & Poor's credit analyst Lauren Spalten.
The rating reflects the county's: rapidly expanding tax base, with access to the deep and diverse economy of the San Antonio metropolitan statistical area; very strong financial position, bolstered by consistently healthy reserve levels; and low overall net debt burden, coupled with limited future capital needs.
