- Published: March 2011
- Region: Indonesia
Summary: Falmouth, Massachusetts; General Obligation; Note Jun 10
- Published: June 2010
- Region: Massachusetts
- Standard & Poors
Standard & Poor's Ratings Services has assigned its 'SP-1+' short-term rating to the town of Falmouth, Mass.' general obligation (GO) bond anticipation notes (BANs) based on the town's underlying credit quality and demonstrated access to credit markets for both bonds and notes. The 'AA+' long-term rating and underlying rating (SPUR) on the town's previously issued GO debt have been affirmed, reflecting our view of the town's: Stable, primarily residential tax base and stable local economy centered on trade, services, leisure, and hospitality; Strong wealth and income levels; Adequate financial position coupled with good financial management practices; and Low-to-moderate debt burden. Falmouth's full faith and credit pledge secures the BANs. The town will use the note proceeds for land acquisition. Bonds...
Companies mentioned in this report are: Falmouth Twn
Action: New Rating
Action: Outlook: Stable
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