Cinco Southwest MUD 4, Texas, Upgraded to BBB by S&P

Published June 11, 2015, 12:03 p.m. EDT

1 Min Read

Standard & Poor's Ratings Services said it raised its long-term and underlying rating on Cinco Southwest Municipal Utility District (MUD) No. 4, Texas' general obligation debt to BBB from BBB-minus.

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The outlook is stable.

"The upgrade reflects our assessment of the district's built-out status of development and continued property tax base growth, resulting in a declining debt-to-assessed value ratio," said Standard & Poor's credit analyst Oscar Padilla. "The upgrade is further supported by the district's improved financial position."

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