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Summary: Bedford, Massachusetts; General Obligation; Note Jul 08 Product Image

Summary: Bedford, Massachusetts; General Obligation; Note Jul 08

  • ID: 2039913
  • July 2008
  • Region: Massachusetts
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'SP-1+' short-term rating to Bedford, Mass.' bond anticipation notes (BANs) based on the demonstrated market access for bonds and notes. Standard & Poor's also affirmed its 'AAA' standard long-term rating and Standard & Poor's underlying rating (SPUR), with a stable outlook, on the town's GO bonds. The ratings reflect the town's: Residential community with access to, and participation in, the deep and diverse Boston, Mass., employment base, providing employment and income stability; Very strong income levels with median household effective buying income that is 190% of the national level; Extremely strong market value above $237,000 per capita; Sound financial position, good management policies, and very strong reserves; and Moderate debt burden, net of...

Companies mentioned in this report are:
- Bedford Twn

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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