• SELECT SITE CURRENCY
Select a currency for use throughout the site
Massachusetts; General Obligation, State GO Oct 00
Standard & Poors, October 2000
The rating on Massachusetts' GO bonds reflects: Continued strong growth of a more diverse, vibrant, and broadened economic base led by the high-technology, health care, higher education, and business service sectors; A demonstrated track record of strong fiscal discipline and management; The positive effect on the commonwealth's future debt and financial position of the "forward funding" of the Massachusetts Bay Transportation Authority (MBTA), which spun the MBTA off as a self-supporting authority, eliminating the historical open-ended commonwealth subsidies effective July 1, 2000; Significant progress in reducing the unfunded pension liability in recent years with the intention of funding the remaining liability over the next 20 years rather than 30 years; A high debt burden at approximately $2,400 per capita and...
Companies mentioned in this report are:
Action: New 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: Full Analysis