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Summary: Plymouth, Massachusetts; General Obligation; Note Apr 11
Standard & Poors, April 2011
Standard & Poor's Ratings Services has assigned its 'AA' long-term rating to the town of Plymouth, Mass.' series 2011 general obligation (GO) municipal purpose loans and affirmed its 'AA' long-term rating and underlying rating (SPUR) on the town's existing GO debt. Standard & Poor's has also assigned its 'SP-1+' short-term rating to the town's GO bond anticipation notes being issued concurrently. The rating is based on the strong credit quality of the town and demonstrated market access. In our opinion, the long-term rating reflects: Close proximity to, and participation in, the greater Boston area economy and employment base; Strong property wealth levels and strong household income measures; Favorable financial position and reserve levels, supported by good adopted fiscal policies; and...
Companies mentioned in this report are:
- Town of Plymouth
Action: New Rating
Action: Outlook: Stable
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.
- Town of Plymouth