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Annual Review of 'AAA' Rated Municipalities
Standard & Poors, Feb 2001
Abstract
Since Standard & Poor's January 2000 review of 'AAA' rated communities, eight municipalities earned Standard & Poor's highest rating-the most in any single year. Now, 41 municipalities hold this highest rating. Last year's entrants include six upgrades ( Bloomington, Minn.; Boca Raton, Fla.; Norwalk, Conn.; Plano, Texas, Roswell, Ga. and Sudbury. Mass.) and two new 'AAA's from municipalities issuing rated G.O. debt for the first time ( Greenwich, Conn., and Northbrook Village, Ill.). The recent additions highlight factors contributing to municipalities earning 'AAA' ratings: Proactive management; Low to moderate debt levels; Economies that have outperformed the region in recessions and expansions; Typically higher wealth levels; and Strong financial positions that provide a safety net protecting against virtually all uncertainties. This...
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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