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Summary: Fairfield, Connecticut; General Obligation; Note Jul 11

Description:
Abstract
Standard & Poor's Ratings Services has assigned its 'SP-1+' short-term rating to the town of Fairfield, Conn.'s general obligation (GO) bond anticipation notes (BANs). At the same time, Standard & Poor's affirmed its 'AAA' long-term rating, with a stable outlook, on the town's long-term GO debt. The rating on the notes reflects our view of the town's underlying credit quality and history of market access. The 'AAA' long-term rating reflects our assessment of the town's: Location and participation in the deep, diverse Bridgeport-Stamford-Norwalk-Danbury metropolitan statistical area (MSA); Large, affluent property tax base, supported by a sizable commercial and industrial presence; Very strong income levels with median household effective buying income at 181% of the national level; Experienced and good financial...

Companies mentioned in this report are:
- Fairfield

Action: Affirmed
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.
 
Companies Mentioned
- - Fairfield
 
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Summary: Fairfield, Connecticut; General Obligation; Note Jul 11

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