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Massachusetts' $250M GO Bnds Rtd AA- by S&P;Rtg Afmd Apr 98 Product Image

Massachusetts' $250M GO Bnds Rtd AA- by S&P;Rtg Afmd Apr 98

  • ID: 1804803
  • April 1998
  • Region: Massachusetts
  • 412 Pages
  • Standard & Poors

Abstract
NY -- Standard & Poor's CreditWire 4/28/98 – Standard & Poor's today assigned its double-'A'-minus rating to Massachusetts' $250 million G.O. bonds Consolidated Loan of 1998 series B dated April 1, 1998 due April 1, 2018. The bonds are scheduled to sell April 30, 1998. At the same time, Standard & Poor's affirmed its double-'A'-minus rating on Massachusetts' $6.94 billion outstanding G.O. bonds. The double-'A'-minus rating, which was raised from single-'A'-plus in October 1997, is based on: -- Continued strong economic growth across many sectors including construction, business services, finance, insurance and real estate, and wholesale trade; -- A very strong financial position, evidenced by the expectation that fiscal 1998 will mark the commonwealth's seventh consecutive operating surplus and the...

Companies mentioned in this report are:
- Massachusetts

Action: Various Rating Actions

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
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

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