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Summary: Bedford Township, Massachusetts; General Obligation Mar 10

  • ID: 2039670
  • March 2010
  • Region: Massachusetts
  • Standard & Poors
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Standard & Poor's Ratings Services assigned its 'AAA' long-term rating, and stable outlook, to Bedford, Mass.' general obligation (GO) refunding bonds. At the same time, Standard & Poor's affirmed its 'AAA' rating, with a stable outlook, on the town's parity debt outstanding. In our opinion, the rating reflects: A residential community with access to, and participation in, the deep and diverse Greater Boston employment base, providing employment and income stability; Very strong income levels with median household effective buying income that is 195% of the national level; Extremely strong market value above $239,000 per capita; Sound financial position, good management policies, and very strong reserves; and Moderate debt burden, net of state school construction aid. The bonds are secured by...

Companies mentioned in this report are:
- Bedford Twn

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 READ MORE >

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- Bedford Twn

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