Massachusetts' $250M GO Bnds Rtd AA- by S&P;Rtg Afmd Apr 98
- ID: 1804803
- April 1998
- Region: Massachusetts
- 412 Pages
- Standard & Poors
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...
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