- Language: English
- Published: May 2011
- Region: Maine
Summary: Yarmouth, Maine; General Obligation Mar 11
- Published: March 2011
- Region: Maine
- Standard & Poors
Standard & Poor's Ratings Services raised its rating on Yarmouth, Maine's general obligation (GO) debt one notch to 'AA' from 'AA-' based on its opinion of the town's consistent and stable financial performance. The outlook is stable. The upgrade further reflects our assessment of the town's: Access and proximity to Portland, Maine's economic base; Very strong income and extremely strong wealth levels; and Low-to-moderate debt burden. The town's full faith and credit pledge secures the bonds outstanding. Yarmouth serves a population estimate of 7,995 in Cumberland County, approximately 11 miles north of Portland. Income levels are, in our opinion, very strong with median household effective buying income at 143% of national levels. Market value has remained, in our opinion, relatively...
Companies mentioned in this report are:
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. SHOW LESS READ MORE >