Massachusetts' GO Bonds Consolidated Loan of 2001 Series C Rated 'AA-'; Outlook Positive Aug 01
- ID: 1804271
- August 2001
- Region: Massachusetts
- Standard & Poors
NEW YORK (Standard & Poor's) Aug. 14, 2001Standard & Poor's today assigned its double-'A'-minus rating to Massachusetts' $900 million GO bonds consolidated loan of 2001 series C due Dec. 1, 2001-2021. The outlook is positive. In addition, Standard & Poor's affirmed its double-'A'-minus rating on the commonwealth's outstanding GO bonds and its double-'A'-minus/'A-1' rating on the commonwealth's outstanding GO variable-rate demand bonds series 1998A. The double-'A'-minus rating reflects: -- A diverse, vibrant, and broad economic base driven by the high-technology, health care, education, and financial services sectors; -- A decade-long track record of strong financial discipline and management; -- The positive effect on the commonwealth's future debt and financial position from the "forward funding" of the Massachusetts Bay Transportation Authority...
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