- Language: English
- Published: June 2012
- Region: Great Britain, United Kingdom
Summary: Bedford Twn, MA; Tax Secured, General Obligation Jun 05
- Published: June 2005
- Standard & Poors
The 'AA+' long-term rating on the Town of Bedford, Mass.' series 2005 and outstanding GO bonds is based on the town's: Primarily residential tax base with a diverse commercial presence and proximity to, and participation in, the deep and diverse Boston employment base; Strong financial position supported by a stable revenue source and fund balance reserves that remain high after three years of reductions; Very high wealth and income levels with low unemployment; and Strong management, practicing forward-looking financial modeling and capital planning. The series 2005 and outstanding GO bonds are secured by the town's full faith and credit GO pledge. Series 2005 bond proceeds will be used to permanently finance BANs coming due. The BANs were issued to fund...
Companies mentioned in this report are: Bedford Twn
Action: New Rating
Action: Outlook: Stable
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