The document provides an investment recommendation to buy State of Texas general obligation bonds, highlighting the security of the bonds, the state's solid general fund balance, and its resources in the Rainy Day Fund. It also discusses the state's pension funding and the impact of declining oil revenues on the state's budget.
doj/DataSet10/EFTA01378360.pdf
{"title":"Municipal Credit > Investment Grade","document_date":"2015-10-31","document_type":"tabular","key_locations":["Texas"],"document_subtype":"Investment Grade Report","key_organizations":["Deutsche Asset & Wealth Management"],"reference_numbers":["Cusip: 813283LJF4"]}