• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Massachusetts' GO Bonds Consolidated Loan of 2001 Series C Rated 'AA-'; Outlook Positive Aug 01 Product Image

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

  • Published: August 2001
  • Region: Massachusetts
  • Standard & Poors

Abstract
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 READ MORE >

- Massachusetts

Note: Product cover images may vary from those shown

RELATED PRODUCTS