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Summary: Yarmouth, Maine; General Obligation Mar 11

  • ID: 1793842
  • 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:
- 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 READ MORE >

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