Summary: Stratford, CT; Tax Secured, General Obligation May 05

Standard & Poors, May 2005

Abstract
The 'A+' rating on the Town of Stratford, Conn.'s series 2005 GO bonds and outstanding GO bonds reflects the town's: Location and participation in the deep and diverse Bridgeport-Stamford-Norwalk-Danbury MSA; Good financial performance and position; Above-average wealth and income levels; and Modest tax base growth over the past three fiscal years, coupled with improving tax collection rates. A moderate debt burden, largely as a result of pension obligation bonds issued in 1998, offsets, in part, these factors. Bond proceeds from this issuance will be used to fund various capital projects, including $6.75 million school-related projects and $2.76 million for a public safety complex. Stratford, with a population of 50,182, is located 13 miles west of New Haven, Conn. in affluent...

Companies mentioned in this report are: Stratford Twn
Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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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.

Stratford Twn

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