Summary: Dartmouth, Massachusetts; General Obligation; Note Feb 10

Standard & Poors, February 2010

Abstract
Standard & Poor's Ratings Services assigned its 'AA' long-term rating and a stable outlook to the town of Dartmouth, Mass.' series 2010 general obligation (GO) municipal purpose bonds. In addition, Standard & Poor's assigned an 'SP-1+ 'short-term rating to the town's GO bond anticipation notes (BANs), which the town is issuing concurrently. The short-term rating is based on the city's underlying credit quality and demonstrated access to credit markets as evidenced by previous note borrowings. The bond authorization authorizes the note issuance and the issuance of the long-term bonds necessary to take them out, likely when the notes come due on Aug. 26, 2010. In our opinion, the long-term rating reflects the town's: Strong and stable economic base, which is...

Companies mentioned in this report are:
- Dartmouth

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 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.

- Dartmouth

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