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Bedford, MA's GO Bonds Rated 'AA+'; Outlook Stable Nov 00
Standard & Poors, Nov 2000
Abstract
BOSTON (Standard & Poor's CreditWire) Nov. 8, 2000-- Standard & Poor's today assigned its double-'A'-plus rating to Bedford, Mass.' $11.45 million GO bonds due Dec. 1, 2020. The bonds are scheduled to sell Nov. 15, 2000. The outlook is stable. The rating reflects the town's: -- Expanding commercial tax base, -- Diverse and growing cash reserves, -- Above-average wealth and income levels and rising property values, and -- Strong management with consistently favorable financial operations. The bonds are secured by the town's full faith pledge. Bedford is located about 15 miles northwest of Boston along Interstate 95 and State Route 3. This favorable location has contributed to a continuing growth in commercial development, anchored by a diverse group of large...
Companies mentioned in this report are: Bedford Twn
Action: New Rating
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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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