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Summary: Brewster, Massachusetts; General Obligation Mar 07

Standard & Poor's Ratings Services assigned its 'AA-' rating, and stable outlook, to Brewster, Mass.' GO refunding bonds series A and B. The rating reflects the town's: Average wealth and income factors, Strong growth in the primarily residential property tax base, Sound financial position, and Low debt burden with limited future capital needs. Offsetting factors include the town's still somewhat seasonal local economy. The town's full faith and credit pledge secures the bonds. Proceeds from this issuance will be used to refund the town's series 1995, 1998, and 2000 GO bonds. Brewster is located in central Barnstable County on Cape Cod, about 90 miles south of Boston. The town is primarily a residential resort community with a stable summer population....

Companies mentioned in this report are:
- Brewster Twn

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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.
Companies Mentioned
- Brewster Twn
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