• SELECT SITE CURRENCY
Select a currency for use throughout the site
Summary: Bourne, Massachusetts; General Obligation; Note Sep 09
Standard & Poors, September 2009
Standard & Poor's Ratings Services assigned its 'SP-1+' short-term rating to Bourne, Mass.' bond anticipation notes (BANs) and its 'AA-' rating to the town's 2009 general obligation (GO) bonds. At the same time, we affirmed the 'AA-' underlying rating (SPUR), with a stable outlook, on the town's existing GO debt. In our opinion, rating factors include the town's: Residential nature and location at the beginning of Cape Cod; Good income levels and extremely strong per capita market value; Strong financial position; and Low to moderate debt levels, coupled with limited additional capital needs. The town's full-faith-and-credit GO pledge secures the BANs and bonds outstanding. Bourne is in the upper Cape Cod region, approximately 60 miles south of Boston. It is...
Companies mentioned in this report are:
- Bourne Twn
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.
- Bourne Twn