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Bristol, Connecticut; General Obligation, Local GO Oct 98
Standard & Poors, Oct 1998
Abstract
The rating on Bristol, Conn.'s bonds reflects: A historically manufacturing based economy that has diversified over the past decade into the trade and services sectors, Average per capita wealth indicators, Sound finances, and A low debt burden. Bristol is in central Connecticut, about 16 miles outside of Hartford, Conn. Population trends have been relatively flat over the past decade with a recent estimate of 59,509. School enrollment increased slightly over the past few years to 8,649 in 1998. The employment base is growing and continues to move towards diversification. Leading employers include Bristol Hospital (1,500 employees), Entertainment and Sports Network (ESPN) headquarters (1,100 employees), and CIGNA(800 employees). Firestone has taken over a sizable portion of a former General Motors (G.M.)...
Companies mentioned in this report are: Bristol
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.
Research Type: Full Analysis
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