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Annual Review of 'AAA' Rated Municipalities
Standard & Poors, Sep 2003
Abstract
Since the June 2002 review of 'AAA' rated communities, nine municipalities have earned Standard & Poor's Ratings Services highest general obligation (GO) bond rating, and no 'AAA' rated issuer was downgraded during that period. The total number of municipalities with GO debt rated 'AAA' now stands at 63. The 'AAA' rated additions include: Bernards Township, N.J. Birmingham, Mich. Cerritos, Calif. Edina, Minn. Glencoe Village, Il. Harrison Village, N.Y. Manhattan Beach, Calif. Palm Beach, Fla. Troy, Mich. Bernards Township, Cerritos, Glencoe Village, Manhattan Beach and Harrison Village achieved the 'AAA' GO ratings right out of the gate. Birmingham, Edina, Palm Beach and Troy's 'AAA' ratings were all achieved through rating upgrades. The recent additions all displayed strengths in the key 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: 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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