Underpinning the county's 'AA' IDR and the limited and
unlimited tax bond ratings, is modest revenue volatility and superior gap-closing capacity that should preserve the county's high level of financial resilience throughout a typical economic cycle.
The 'AA-' IDR and
unlimited tax bond rating are based on the district's strong operating performance, supported by robust revenue growth prospects, solid expenditure flexibility, and modest revenue volatility.
The
unlimited tax bonds are payable from an unlimited annual property tax levy.
Orr also said he considers about $641 million of general obligation debt, including $410 million of
unlimited tax bonds, to be unsecured.
Specifically, the move affected Columbus's USD3.4m Various Purpose
Unlimited Tax Bonds, Series 2010-3C and USD5.85m Various Purpose Limited Tax Bonds, Series 2010-3D.
Securities and Exchange Commission, assigned a 'AAA' rating to the following Round Rock Independent School District, Texas
unlimited tax bonds (ULTs): --$59.7 million unlimited tax refunding bonds series 2018.
--25 million various purpose
unlimited tax bonds, series 2018C (federally taxable);
Securities and Exchange Commission, affirmed the following ratings for Presidio ISD, Texas at 'AA-: --Issuer Default Rating (IDR); and --Approximately $3.5 million
unlimited tax bonds.