- Published: March 2011
- Region: Indonesia
Summary: Sandwich Twn, MA; Tax Secured, General Obligation Jan 03
- Published: January 2003
- Standard & Poors
The 'AA-' rating on the Town of Sandwich, Mass.' GO bonds reflects: Strong assessed valuation (AV) growth resulting from both new development and appreciation, allowing a lowering of the tax rate; Access to a diverse regional economic base in southeastern Massachusetts and the greater Boston area; Still-favorable, but rising, unemployment; Above-average income levels; and Historically strong financial performance and position. These strengths are tempered by growth pressures on capital needs for public education. The bonds are secured by the town's full faith and credit pledge. Proceeds will provide financing for land acquisition. Although backed by the town's GO pledge, debt service payments are expected to come from the 3% property tax surcharge levied on all taxable property in the town...
Companies mentioned in this report are:
- Sandwich Twn
Action: New Rating
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. SHOW LESS READ MORE >
- Sandwich Twn