S&P rates Harris County, Texas, bonds AA+

Standard & Poor's said it assigned an AA+ standard long-term rating, with stable outlook, to Harris County, Texas' $35 million of permanent improvement refunding bonds, series 2008A, and $40 million of unlimited-tax rod and refunding bonds, series 2008A, and to Harris County Flood Control District, Texas' $91 million of contract tax refunding bonds, series 2008A, issued for the county.

The contract tax refunding bonds are due Feb. 28, 2022, the unlimited-tax road and refunding bonds are due Oct. 1, 2021, and the permanent improvement refunding bonds are due Oct. 1, 2015.

Issuance of the unlimited-tax road and refunding bonds and the permanent improvement refunding bonds is set for Feb. 15, according to the S&P release.

S&P also said it affirmed it AA+ standard long-term rating and underlying rating on the debt previously issued by the district and the county. The outlook is stable.

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