- Language: English
- Published: May 2012
Summary: Stamford, CT; Appropriation, Appropriation; Tax Secured, General Obligation Apr 01
- Published: April 2001
- Standard & Poors
The 'AAA' rating on Stamford, Conn.'s bonds reflects the city's: Deep and diverse economic and tax base; Strong financial operations and performance, despite a city ordinance prohibiting carrying an unreserved general fund balance; High income levels; and Manageable debt burden. The bonds are secured by an unlimited ad valorem tax pledge of the city. Stamford, in southwestern Connecticut and in easy commuting distance to New York City, is the third-largest corporate headquarters community in the country. Numbered among its major employers are leading names in banking, insurance, office equipment, cosmetics, and information technology, including Pitney Bowes Inc. (3,058 employees), a mailing and office products manufacturer; UBS Warburg (2,900), a global investment and risk management company; and General Electric Capital (2,000),...
Companies mentioned in this report are: Stamford
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.
SHOW LESS READ MORE >