Concord, N.H.'s GO Bonds Rated 'AA';Ratings Affirmed Jan 99
- ID: 2039759
- January 1999
- Standard & Poors
NEW YORK (Standard & Poor's CreditWire) Jan. 28, 1999 -– Standard & Poor's today assigned its double-'A' rating to Concord, N.H.'s GO bonds due Oct. 1, 2018. The bonds are scheduled to sell Feb. 3, 1999. At the same time, Standard & Poor's affirmed its double-'A' rating on the city's outstanding GO bonds series 1991, 1995, and 1997. The bonds are secured by an unlimited ad valorem tax pledge. The rating on Concord reflects: --ýA solid economic base, --ýA strong financial position, and --ýA moderate debt burden. These factors are offset by average wealth and income levels and uncertainty surrounding the still unresolved statewide school funding issue. Concord is located in southern New Hampshire about 70 miles north of Boston....
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