- Language: English
- Published: May 2012
- Region: Massachusetts
Summary: Groton, Connecticut; General Obligation Nov 11
- Published: 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: New Rating
Action: Outlook: Stable
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 >
- Groton Twn