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Bedford, Massachusetts; General Obligation; Note Jul 08
Standard & Poors, July 2008
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: 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: Full Analysis
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