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Amesbury, MA GO Bond Rating Outlook Revised To Positive From Stable On Improving Reserves Nov 11
Standard & Poors, Nov 2011
Abstract
BOSTON (Standard & Poor's) Nov. 15, 2011--Standard & Poor's Ratings Services has revised the outlook on its long-term rating and underlying rating (SPUR) on Amesbury, Mass.' general obligation (GO) parity bonds to positive from stable due to the town's ongoing progress in improving reserves, while at the same time looking to implement certain reform measures associated with its long-term liabilities. Standard & Poor's affirmed its 'A' ratings on the bonds. The outlook is stable. 'In our view, the town has proactively managed lower state revenues and local receipts through the recession. We believe continued stable budgetary performance through this economic environment could warrant an upgrade,' said Standard & Poor's credit analyst Victor Medeiros. The ratings reflect the town's: Good access...
Companies mentioned in this report are: Amesbury
Action: Affirmed
Action: Outlook: Positive
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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