Bexar County will sell new round of debt - Tampa Bay Business Journal:

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assigned an ‘AA+’ rating to the county’s $14.7 millionj limited tax refunding series 2009, and $5.2 million in publix property finance contractual obligations, also series 2009. These offering are slate d to sell during the week ofMay 18, 2009. Fitch also affirmec its ‘AA+’ rating on the county’s outstandinbg debt, which consists of $62.5 million limiteds tax bonds, $40.5 millionm in unlimited tax bonds, $125.3 millioh in certificates of obligation, $146.1 million in flooe control certificatesof obligation, and $53.5 million in pass-througbh revenue and limited tax bonds. The ratingv outlook is stable.
The newest round of bondse and contractual obligations are payable fromBexar County’ property tax levy, capped out at 80 centw per $100 valuation. Bond proceeds will be used to refunf certain outstanding debt for interest costs Contractual obligation proceeds will finance the purchaseof vehicles, equipmentr and other property. The Fitch rating reflects Bexat County’s large and expanding tax base, improved financial position and the generap overall health of the diversifying local Bexar County’s economy consists primarily of healt h care, government, trade and tourism industry sectors.
The healtb care industry has an estimatedc annual economic impactof $10 Also, about 50 percentf of all trade between the United States and Mexico passes through Bexar County in some form.