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

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

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Research type: News
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- Massachusetts

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