- Published: May 2012
- Region: United States
Summary: Fairfield, CT; Tax Secured, General Obligation; Tax Secured, Note Jul 03
- Published: July 2003
- Standard & Poors
The 'AAA' ratings on Fairfield, Conn.'s long-term GO bonds and 'SP-1+' rating on its bond anticipation notes (BANs) reflects: The town's location in the deep and diverse Bridgeport-Stamford-Norwalk-Danbury MSA; A large, affluent tax base supported by a sizable and growing commercial and manufacturing presence; High wealth and income levels; A strong financial position coupled with conservative management practices; and A low-to-moderate debt burden. The bonds and notes are secured by the town's full faith and credit GO pledge. Bond and BAN proceeds will be used to fund school-related capital projects. The BANs will be permanently financed with the issuance of long-term GO bonds, for which authorization has been received. The town's financial operations remain strong. Audited results for fiscal year...
Companies mentioned in this report are: Fairfield
Action: New Rating
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