• SELECT SITE CURRENCY
Select a currency for use throughout the site
Summary: Natick Town, Massachusetts; General Obligation May 11
Standard & Poors, May 2011
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: 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 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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Town of Natick