DALLAS - The East Texas town of Longview has earned a one-notch upgrade to AA from Standard & Poor's based on "very strong reserves, coupled with a diversifying and growing tax base."

The upgrade from AA-minus comes ahead of the city's July 23 competitive sale of $11.3 million of general obligation bonds. Southwest Securities is financial adviser on the deal, with McCall Parkhurst & Horton as bond counsel.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.