Summary: Bangor, Maine; General Obligation Oct 09

  • ID: 2042318
  • October 2009
  • Region: Maine
  • Standard & Poors
1 of 3

Standard & Poor's Ratings Services assigned its 'AA' long-term rating to Bangor, Maine's general obligation (GO) bonds, series 2009B. At the same time, Standard & Poor's affirmed its 'AA' rating on the city's outstanding GO debt. The ratings reflect our view of the city's: Position as an employment, retail, and commercial center for the region; Historically strong financial position; Good financial practices; and Low to moderate overall debt burden, with limited plans for new debt. In our opinion, the city's adequate wealth indicators continue to constrain the rating. The city's full faith and credit pledge secures these bonds. Bond proceeds will be used to refund the city's series 1997 and 1998 GO bonds, refinance a lease purchase agreement, and finance...

Companies mentioned in this report are:
- Bangor

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

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 READ MORE >

Note: Product cover images may vary from those shown
2 of 3


Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown


  • Quick Help: This Credit Rating Report will be emailed to you.


If you have a more general question about our products please try our


Our Clients

  • Fluidigm Corporation
  • Apple, Inc.
  • CEVA Santé Animale
  • Abbott Laboratories Ltd.
  • Merck Group
  • Allergan Inc.
  • Pfizer Inc.