0 CHECKOUT

Summary: Portland, ME; Tax Secured, General Obligation Mar 04

  • ID: 2045312
  • March 2004
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AA' rating, and stable outlook, to Portland, Maine's $18.7 million series 2004A GO bonds and $1.0 million series 2004B GO taxable bonds. The rating reflects the city's: Role as the commercial, industrial, and transportation hub for the state's southern region; Sound financial operations, guided by prudent formal policies; Average wealth indicators; and Moderate debt burden and a capital improvement plan (CIP) that adheres to a city-council-adopted, $10-million annual cap on noncombined sewer overflow issuance. The city's full faith and credit pledge secures the bonds. Portland, with a population of 64,249, is Maine's center for health care and its financial center since it is home to many of the state's most important banks; several...

Companies mentioned in this report are:
- Portland

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 READ MORE >

Note: Product cover images may vary from those shown

Portland

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

PLEASE SELECT A FORMAT

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

HAVE A QUESTION?

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

FAQ SECTION

RELATED PRODUCTS

Our Clients

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