Summary: Natick Town, Massachusetts; General Obligation May 11
Standard & Poors, May 2011
Abstract
Standard & Poor's Ratings Services assigned its 'AAA' long-term rating, and stable outlook, to the town of Natick, Mass.' general obligation (GO) municipal-purpose loans of 2011 bonds and affirmed the 'AAA' long-term rating, with a stable outlook, on the town's existing GO debt. The long-term rating reflects our opinion of the town's: Stable local economy with a sound commercial and retail base, coupled with access to the broader employment bases in the Boston area; Favorable unemployment averages and very strong income levels; Extremely strong market value per capita; Good management policies and continued strong reserves; and Low debt burden, net of self-supporting enterprise funds, with a rapid amortization schedule. The GO bonds are secured by the town's full faith and...
Companies mentioned in this report are: Town of Natick
Action: Affirmed
Action: New Rating
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Town of Natick
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