|
|
 |
|
Viewing report
|
|
|
|
Billerica, MA's GO Bonds Rated 'AA-'; Outlook Stable
Standard & Poors, Oct 2001
Abstract
BOSTON (Standard & Poor's) Oct. 23, 2001--Standard & Poor's today assigned its double-'A'-minus rating to Billerica, Mass.' $7.87 million GO bonds series A and $1.22 million GO refunding bonds series B. The bonds are scheduled to sell Nov. 1, 2001. The outlook is stable. The rating reflects: -- Above-average wealth levels, -- A deep local economy and participation in the greater Boston economy, -- Satisfactory financial operations with growing reserves, and -- A favorable debt position. Slightly offsetting these credit strengths is a $26.7 million unfunded pension liability. The bonds are secured by the full faith and credit pledge of the town. Billerica, population 38,981, is located along Route 3 between the Interstate 95 technology belt and the growing Interstate...
Companies mentioned in this report are: Billerica Twn
Action: New Rating
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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
