Complete 2 page APA formatted essay: San Antonio (enviable AAA General Obligation Debt Bond Rating ).
6). These were validated by the statistics and patterns highlighted above.
When compared to other common variables, as noted, San Antonio’s unemployment rate which was 7.4% was comparatively low in contrast to the unemployment rate exhibited by the whole of Texas (8.1%) and of the country, in general (8.8%). This is significant considering that, as reported, San Antonio is the only U.S. City with a population over one million to be given a ‘AAA’ bond rating by all three rating agencies. Further, their rating was likewise compared to the ratings generated by other municipalities, such as Columbus, Ohio and Kirkland, Washington. and the following highlights are noted:
It is eminent therefore that rating agencies evaluate the credit ratings of municipalities based on the factors that were revealed. As disclosed by Moody’s, San Antonio’s rating could be changed to lower ratings when the following scenarios occur: “(1) failure to maintain balanced operations. (2) trend of declining reserves. (3) trend of significant taxable value loss indicating a weakening of economic position. and (4) change in the US rating that results in pressure on local
Moodys Investors Services, Inc. “MOODYS ASSIGNS Aaa RATING TO CITY OF SAN ANTONIOS GENERAL IMPROVEMENT REFUNDING BONDS, SERIES 2012..” 26 March 2012. moodys.com. 27 April 2012
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