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Summary: Yarmouth, Maine; General Obligation Mar 11

  • ID: 1793842
  • March 2011
  • Region: Maine
  • Standard & Poors
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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:
- Yarmouth

Action: Outlook: Stable
Action: Upgraded

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 READ MORE >

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