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Attleboro, MA General Obligation Bonds Rating Raised To 'A+'; Outlook Stable Jul 08
Standard & Poors, July 2008
Abstract
BOSTON (Standard & Poor's) July 10, 2008--Standard & Poor's Ratings Services said that it 'raised its standard long-term rating and underlying rating (SPUR) on Attleboro, Mass.' outstanding general obligation (GO) bonds to 'A+' from 'A'. The outlook is stable. In addition, Standard & Poor's assigned its 'A+' rating, and stable outlook, to the town's 2008 GO bonds. 'The upgrade reflects Attleboro's substantial tax base growth over the past five years and the city's improved financial position, coupled with management's ability to make the necessary budget adjustments to maintain a balance between recurring revenues and recurring expenditures,' said Standard & Poor's credit analyst Victor Medeiros. Additional rating factors include a residential community that benefits from its access to Boston and Providence,...
Companies mentioned in this report are: Attleboro
Action: New Rating
Action: Upgraded
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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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