- Language: English
- Published: May 2013
- Region: Malaysia
Summary: Kittery, Maine; General Obligation Jul 06
- Published: July 2006
- Region: Maine
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA' rating to Kittery, Maine's 2006 GO bonds and affirmed its 'AA' rating on the town's outstanding long-term debt. The 'AA' rating reflects: High wealth and income factors, Participation in a regional economy with a vibrant retail presence, Steady property tax base growth, Favorable financial operations with consistent operating surpluses and growing reserves, and Moderate debt burden. The town's full faith and credit pledge secures the bonds. Kittery (population: 9,543) is Maine's southernmost town, directly across the Piscataqua River from Portsmouth, N.H. ('AA' GO rating). Served by Interstate 95 and U.S. Route 1, millions of tourists pass through Kittery annually on their way to vacation spots throughout the state. In addition, during the...
Companies mentioned in this report are:
Action: New Rating
Action: Outlook: Stable
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