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Summary: Groton, Connecticut; General Obligation Nov 11 Product Image

Summary: Groton, Connecticut; General Obligation Nov 11

  • ID: 2026213
  • November 2011
  • Region: Connecticut
  • Standard & Poors

Standard & Poor's Ratings Services has assigned its 'AA' long-term rating to the Town of Groton, Conn.'s series 2011 general obligation (GO) refunding bonds, Lot A, and general obligation sewer refunding bonds, Lot B. Standard & Poor's has also affirmed its 'AA' long-term rating and underlying rating (SPUR) on the town's existing GO debt. The outlook is stable. The rating reflects our assessment of the town's: Good household income measures and lower unemployment averages compared with state and national rates, Extremely strong per capita market values and a diverse tax base, Strong financial position and strong financial management, and Low overall net debt burden on a market value basis and fairly aggressive principal amortization schedule. The town will use the...

Companies mentioned in this report are:
- Groton Twn

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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