The rating on El Paso, Texas' GO bonds and certificates of obligation is based on the full faith and credit pledge of the city and reflects its: Diversified economy, which is anchored by the presence of Fort Bliss and the University of Texas; Economic activity spurred by the growth of the maquiladora industry along the Mexican border; Historically strong finances; and Moderate debt burden with manageable future capital needs. El Paso is in west Texas adjacent to the Mexican border and has an estimated population of 638,000. In fact, El Paso has one of the fastest growth rates in the United States at 19.3% over the last eight years. The local economy enjoys the stabilizing presence of Fort Bliss and
