Press Release|Public Finance

KBRA Releases Rating Report for Travis County Healthcare District, TX Certificates of Obligation

27 Jun 2023   |   New York


On June 22, 2023, KBRA assigned a long-term rating of AA+ with a Stable Outlook to the Travis County Healthcare District, TX Certificates of Obligation Series 2023A (Limited Tax) and Taxable Series 2023B (Limited Tax). The Certificates are payable from receipts of a separate, distinct and continuing ad valorem tax levied, within the limits prescribed by law, on all taxable property within the District. At the election creating the District, County voters authorized an ad valorem tax rate of $0.25 per$100 of taxable property, with such limit applicable to all District purposes, including operations and debt service. In addition to the ad valorem tax pledge, the Certificates are secured by and payable from surplus revenues derived from the District’s healthcare facilities, with such pledge being limited to $1,000 per year.

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