- Language: English
- Published: August 2012
Summary: Portland, ME; General Obligation, Local GO Nov 99
- ID: 2045766
- November 1999
- Standard & Poors
The rating on Portland, Maine's bonds reflects the city's GO credit pledge. Other rating factors include: The city's position as an established anchor for commercial, financial, and health care services within the state; Financial operations that remain sound; and A manageable and moderate debt burden. Portland is located on the southeastern coast of Maine and is the state's center of economic activity. Portland's role as an employment and retail center for the state is evidenced by low rates of unemployment, above-average retail sales, and sustained and slightly above-average wealth levels measured on a per capita basis. The tax base has grown steadily from commercial (construction of a $60 million UNUM Insurance Co. headquarters) and high-end ($250,000-$300,000) new residential development. Portland's...
Companies mentioned in this report are:
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >