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Bourne, MA GO Debt Rating Raised To 'AA'; Outlook Stable Apr 11
Standard & Poors, April 2011
Abstract
BOSTON (Standard & Poor's) April 20, 2011--Standard & Poor's Ratings Services has raised its long-term rating and underlying rating (SPUR) on Bourne, Mass.' general obligation (GO) debt to 'AA' from 'AA-' based on its opinion that management has responded to budgetary challenges in a timely fashion and has considerably improved reserves over the past five years to strong levels despite the downward pressure on its finances. The outlook is stable. At the same time, Standard & Poor's assigned its 'AA' long-term rating and stable outlook to the town's $965,000 GO school refunding bonds. In Standard & Poor's opinion, additional rating factors include the town's: Stable, primarily residential tax base with good income levels and extremely strong per capita market valuation;...
Companies mentioned in this report are: Bourne Twn
Action: New Rating
Action: Outlook: Stable
Action: Upgraded
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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