- Language: English
- Published: June 2011
- Region: Massachusetts
Bedford, MA Debt Rating Raised To 'AAA' Based On Town's Strong Financial Position Jul 06
- Published: July 2006
- Standard & Poors
BOSTON (Standard & Poor's) July 18, 2006--Standard & Poor's raised its rating on the Bedford, Mass.' GO bonds to 'AAA' from 'AA+', based on the town's stable and strong financial position, which it has maintained for a number of years. The outlook remains stable. In addition, Standard & Poor's assigned its 'SP-1+' short term rating to the town's $27.685 million BANs. The sales date is July 19. "The town's ability to sustain operating flexibility with above-average reserves, while maintaining excess taxing margins without the need for a Proposition 2 1/2 override during the recent period of lower state aid, is a testament to Bedford's long-term planning and management approach, which is a hallmark of 'AAA'-rated credits," said Standard & Poor's...
Companies mentioned in this report are: Bedford Twn
Action: New Rating
Action: Outlook: Stable
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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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