Standard & Poor's Rating Services revised its outlook on Hamden, Conn.'s outstanding GO debt to positive from stable, reflecting the recent and projected continued improvement in the town's general fund position. In addition, Standard & Poor's assigned its 'SP-1+' rating to the town's $1.735 million GO BANs and its 'A' rating to the town's $9.695 million series 2006 GO bonds. At the same time, Standard & Poor's affirmed its 'A' rating and 'A' underlying rating (SPUR) on the town's outstanding GO debt The 'A' long-term rating is based on the town's: Primarily residential character and location in the deep and diverse New Haven-Waterbury-Meriden metropolitan area; Relatively large tax base, with no taxpayer concentration; and Low debt burden, with faster-than-average amortization....
Companies mentioned in this report are:
- Hamden Twn
Action: New Rating
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