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Published on 6/5/2008 in the Prospect News Municipals Daily.

S&P gives SP-1+ rating to Houston tax notes

Standard & Poor's said it assigned its SP-1+ short-term rating to Houston's $80 million tax and revenue anticipation notes.

The notes are due June 30, 2009.

The city is authorized to borrow an additional $95 million later in the year, as needed. Its general obligation debt rating is AA.


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