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Summary: Bedford Township, Massachusetts; General Obligation Mar 10 Product Image

Summary: Bedford Township, Massachusetts; General Obligation Mar 10

  • Published: March 2010
  • Region: Massachusetts
  • Standard & Poors

Abstract
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

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Bedford Twn

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