- Published: March 2011
- Region: Indonesia
Summary: Gorham, Maine; General Obligation Jan 12
- Published: January 2012
- Region: Maine
- Standard & Poors
Standard & Poor's Ratings Services has assigned its 'AA' long-term rating to the town of Gorham, Maine's series 2012 general obligation (GO) refunding bonds and affirmed its 'AA' long-term rating on the town's existing GO debt. The ratings reflect our assessment of the town's: Access to the Portland metropolitan area; Strong wealth and income levels; Very strong financial reserve position, with good financial management practices and policies; and Moderate debt burden, with moderate carrying charges and an above-average amortization schedule. The town's full faith and credit pledge secures the bonds. Officials will use bond proceeds to advance refund a portion of the town's series 2002, 2004, 2005, and 2008 GO bonds. Gorham (population: 16,157) is a roughly 60-square-mile suburban community...
Companies mentioned in this report are:
- Gorham Twn
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 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 >
- Gorham Twn