- Language: English
- 71 Pages
- Published: May 2012
- Region: Hong Kong
Billerica, Massachusetts; General Obligation; Note Mar 08
- Published: March 2008
- Region: Massachusetts
- Standard & Poors
Standard & Poor's Ratings Services raised its rating on Billerica, Mass.' outstanding parity debt to 'AA' from 'AA-'. The upgrade reflects the town's stable financial performance and sound position through various economic cycles, as well as its affluent and diverse tax base. Standard & Poor's also assigned its 'SP-1+' short-term rating to bond anticipation notes (BANs) being issued concurrently. The town will use the proceeds of the bonds and notes for various municipal projects. Additional factors supporting the rating include the town's: Demonstrated market access for bonds and notes; Growing technology-based local economy, which participates in the greater Boston metropolitan statistical area (MSA); Above-average wealth and income levels, with an equalized value per capita of more than $147,364 and median...
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: Full Analysis SHOW LESS READ MORE >
- Billerica Twn