- Language: English
- 71 Pages
- Published: May 2012
- Region: Hong Kong
Summary: Lincoln, MA; Tax Secured, General Obligation
- Published: July 2004
- Standard & Poors
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
The 'AAA' rating on Lincoln, Mass.' general obligation bonds reflects the town's: Very high wealth and income factors; Participation in the Boston MSA; Strong growth of its overwhelmingly residential tax base; Favorable financial position, with a history of ample reserves; and Low debt burden, with limited future capital needs. The bonds are general obligations of the town for which its full faith and credit is pledged. Lincoln, with a population of 8,111, is an extremely affluent residential community 12 miles northwest of Boston, Mass ('AA' rated). Residential wealth, as measured by income and property values, is high. Per capita income of residents is at 189% of the state's and 227% of the nation's averages, respectively. Proximity to Boston and the...
Companies mentioned in this report are: Lincoln Twn
Action: New Rating
Action: Outlook: Stable
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