Standard & Poor's Ratings Services assigned its 'AA' rating, and stable outlook, to New Hampshire Municipal Bond Bank's series 2008B bonds and affirmed its 'AA' rating, and stable outlook, on the bond bank's existing debt issued under the bond bank's 1978 resolution. In our opinion, the rating reflects: The program's strong structural features, including a pledged reserve fund that is adequate to support defaults that meet our criteria for a 'AA' rated pool; A state aid intercept; The large number and diversity of borrowers; and A successful long-term record of no defaults and strong oversight and program management. Standard & Poor's criteria for rating pooled financing programs assess the risk of credit default through: Reviewing legal documents and management practices;...
Companies mentioned in this report are:
- New Hampshire Mun Bnd Bank
- New Hampshire
- Grafton Cnty
Action: New Rating
Action: Outlook: Stable
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