{"id":39138,"date":"2026-07-18T00:42:00","date_gmt":"2026-07-17T22:42:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=968e52dfb4e9acc311dc35992d3a199b"},"modified":"2026-07-18T00:42:00","modified_gmt":"2026-07-17T22:42:00","slug":"kbra-assigns-aaa-rating-to-various-harris-county-tx-limited-and-unlimited-tax-bonds-affirms-related-ratings","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=39138","title":{"rendered":"KBRA Assigns AAA Rating to Various Harris County, TX, Limited and Unlimited Tax Bonds; Affirms Related Ratings"},"content":{"rendered":"<p>NEW YORK--(BUSINESS WIRE)--<a href=\"https:\/\/twitter.com\/hashtag\/creditratingagency?src=hash\" >#creditratingagency<\/a>--KBRA assigns a long-term rating of AAA to the Harris County, TX Permanent Improvement Refunding Bonds, Series 2026A; Permanent Improvement Tax and Revenue Certificates of Obligation, Series 2026A and 2026B; and Unlimited Tax Road Refunding Bonds, Series 2026A. KBRA additionally affirms the long-term rating of AAA for the County's outstanding Limited Tax Obligations and Unlimited Tax Obligations. The rating Outlook is Stable.<\/p><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260717098529\/en\/2854723\/5\/kbra-logo.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260717098529\/en\/2854723\/22\/kbra-logo.jpg\" \/><\/a><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260717098529\/en\/2854723\/5\/kbra-logo.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260717098529\/en\/2854723\/21\/kbra-logo.jpg\" \/><\/a><p>\n<strong>Key Credit Considerations<\/strong><\/p><p>\nThe ratings actions reflect the following key credit considerations:<\/p><p>\nCredit Positives<\/p><ul class=\"bwlistsquare\">\n<li>\nSizable, diverse, and resilient economy, centered around the nation\u2019s fourth largest city, supported by sustained taxable assessed value growth and broad industry diversification.<\/li>\n<li>\nStrong financial profile supported by structurally balanced operations, ample reserves and liquidity, and stable property tax collections.<\/li>\n<li>\nRobust financial management practices, including a comprehensive budgeting process, frequent intra-fiscal year monitoring, and the maintenance of prudent reserves.<\/li>\n<li>\nPermanent increase in the Harris County Flood Control District O&amp;M levy provides a dedicated recurring funding source for flood mitigation and long-term resiliency.<\/li>\n<li>\nFavorable debt profile characterized by moderate debt levels, manageable fixed costs, and well-funded pension obligations.<\/li>\n<\/ul><p>\nCredit Challenges<\/p><ul class=\"bwlistsquare\">\n<li>\nSusceptibility to significant storm activity given its location on the Texas Gulf Coast, as evidenced by Hurricane Harvey (2017) and the less severe but still significant disaster events of 2024, including Hurricane Beryl.<\/li>\n<li>\nState-imposed property tax limitations constrain operating revenue flexibility and may increase pressure on future budget balancing as expenditure growth outpaces recurring revenue growth.<\/li>\n<li>\nRising operating costs associated with public safety compensation, healthcare, indigent defense, and inmate housing continue to pressure expenditures.<\/li>\n<\/ul><p>\n<strong>Rating Sensitivities<\/strong><\/p><p>\nFor Upgrade<\/p><ul class=\"bwlistsquare\">\n<li>\nNot applicable for this rating level.<\/li>\n<\/ul><p>\nFor Downgrade<\/p><ul class=\"bwlistsquare\">\n<li>\nSignificant deterioration in operating reserves and liquidity.<\/li>\n<li>\nA secular decline in the socioeconomic profile of the County.<\/li>\n<\/ul><p>\nTo access ratings and relevant documents, click <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Fissuers%2F57233%2Fissuer-ratings&amp;esheet=54572540&amp;newsitemid=20260717098529&amp;lan=en-US&amp;anchor=here&amp;index=1&amp;md5=c79b81658843192f44a5673e2addbadb\" rel=\"nofollow\" shape=\"rect\">here<\/a>.<\/p><p>\n<strong>Methodology<\/strong><\/p><ul class=\"bwlistsquare\">\n<li>\n<a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Fpublications%2FhHSpVTzx&amp;esheet=54572540&amp;newsitemid=20260717098529&amp;lan=en-US&amp;anchor=Public+Finance%3A+U.S.+Local+Government+General+Obligation+Rating+Methodology&amp;index=2&amp;md5=fb06cf76948a297b109a0a71982d2993\" rel=\"nofollow\" shape=\"rect\">Public Finance: U.S. Local Government General Obligation Rating Methodology<\/a><\/li>\n<\/ul><p>\n<strong>Disclosures<\/strong><\/p><p>\nA description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Fissuers%2F57233%2Fdisclosures&amp;esheet=54572540&amp;newsitemid=20260717098529&amp;lan=en-US&amp;anchor=here&amp;index=3&amp;md5=c3d3da0d5f60eade7ebbd7a35752c27f\" rel=\"nofollow\" shape=\"rect\">here<\/a>.<\/p><p>\nInformation on the meaning of each rating category can be located <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Funderstanding-ratings%2Frating-scales%2Flong-term-credit-rating&amp;esheet=54572540&amp;newsitemid=20260717098529&amp;lan=en-US&amp;anchor=here&amp;index=4&amp;md5=d24798a658cbe0619e42d2cb08185d06\" rel=\"nofollow\" shape=\"rect\">here<\/a>.<\/p><p>\nFurther disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com&amp;esheet=54572540&amp;newsitemid=20260717098529&amp;lan=en-US&amp;anchor=www.kbra.com&amp;index=5&amp;md5=b5090b00193a4343f57f997612ae286f\" rel=\"nofollow\" shape=\"rect\">www.kbra.com<\/a>.<\/p><p>\n<strong>About KBRA<\/strong><\/p><p>\nKroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan\u2019s Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S.<\/p><p>\nDoc ID: 1016079<\/p><br\/> <b>Contacts<\/b> <br\/><p>\n<strong>Analytical Contacts<\/strong><\/p><p>\nJoe Plonski, Director (Lead Analyst)\n<br\/>+1 646-731-2353\n<br\/><a  href=\"mailto:joe.plonski@kbra.com\" rel=\"nofollow\" shape=\"rect\">joe.plonski@kbra.com<\/a><\/p><p>\nPeter Scherer, Senior Director\n<br\/>+1 646-731-2325\n<br\/><a  href=\"mailto:peter.scherer@kbra.com\" rel=\"nofollow\" shape=\"rect\">peter.scherer@kbra.com<\/a><\/p><p>\nDouglas Kilcommons, Managing Director (Rating Committee Chair)\n<br\/>+1 646-731-3341\n<br\/><a  href=\"mailto:douglas.kilcommons@kbra.com\" rel=\"nofollow\" shape=\"rect\">douglas.kilcommons@kbra.com<\/a><\/p><p>\n<strong>Business Development Contacts<\/strong><\/p><p>\nWilliam Baneky, Managing Director\n<br\/>+1 646-731-2409\n<br\/><a  href=\"mailto:william.baneky@kbra.com\" rel=\"nofollow\" shape=\"rect\">william.baneky@kbra.com<\/a><\/p><p>\nJames Kissane, Senior Director\n<br\/>+1 646-731-2380\n<br\/><a  href=\"mailto:james.kissane@kbra.com\" rel=\"nofollow\" shape=\"rect\">james.kissane@kbra.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>NEW YORK&#8211;(BUSINESS WIRE)&#8211;#creditratingagency&#8211;KBRA assigns a long-term rating of AAA to the Harris County, TX Permanent Improvement Refunding Bonds, Series 2026A; Permanent Improvement Tax and Revenue Certificates of Obligation, Series 2026A and 2026&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-39138","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/39138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39138"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/39138\/revisions"}],"predecessor-version":[{"id":39139,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/39138\/revisions\/39139"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}