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Massachusetts' GO Bonds Consolidated Loan of 2001 Series C Rated 'AA-'; Outlook Positive Aug 01

  • ID: 1804271
  • August 2001
  • Region: Massachusetts
  • Standard & Poors
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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...

Companies mentioned in this report are:
- Massachusetts

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: News
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- Massachusetts

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