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Dallas Area Rapid Transit (DART) is a subregional transportation authority of the State of Texas. We were created and confirmed by passage of a referendum on August 13, 1983, pursuant to Article 1118y of Vernon’s Annotated Civil Statutes, as amended and recodified as Chapter 452, Texas Transportation Code. Our current boundaries include the territory lying within the corporate limits of the following Participating Municipalities: the Cities of Carrollton, Cockrell Hill, Dallas, Farmers Branch, Garland, Glenn Heights, Irving, Plano, Richardson, Rowlett and University Park and the Towns of Addison and Highland Park. We are governed by a 15 member Subregional Board of Directors.
Our administrative office is located in Dallas County, Texas, and our boundaries include approximately 700 square miles and a population of approximately 2.53 million persons, as of January, 2021, according to information obtained from the North Central Texas Council of Governments.
DALLAS (S&P Global Ratings) Oct. 26, 2021 -- S&P Global Ratings has assigned a 'AA+' rating to Dallas Area Rapid Transit (DART), Texas' senior-lien sales tax revenue refunding bonds, taxable series 2021A and senior-lien sales tax revenue improvement and refunding bonds, series 2021B. The outlook is stable on all bonds.
New York, October 26, 2021 -- Moody's Investors Service has assigned a Aa2 rating to Dallas Area Rapid Transit, TX's (DART) Senior Lien Sales Tax Revenue Refunding Bonds, Taxable Series 2021A; Senior Lien Sales Tax Revenue Improvement and Refunding Bonds, Series 2021B. The outlook is stable.
KBRA Assigns AAA Rating with Stable Outlook to Dallas Area Rapid Transit Senior Lien Sales Tax Revenue Refunding Bonds, Taxable Series 2021 and Senior Lien Sales Tax Revenue Improvement and Refunding Bonds, Series 2021B. A NEW YORK (October 25, 2021) – Kroll Bond Rating Agency (KBRA) assigns a long-term rating of AAA with a Stable Outlook.