Summary: Cambridge, Massachusetts; General Obligation Feb 12

Standard & Poors, February 2012

Abstract
Standard & Poor's Ratings Services has assigned its 'AAA' long-term rating to Cambridge, Mass.' general obligation (GO) municipal purpose loan of 2012 bonds and affirmed its 'AAA' long-term rating on the city's GO parity debt. The outlook is stable. The ratings reflect our opinion of the city's: Strong and dynamic local economy, anchored by Harvard University and Massachusetts Institute of Technology (MIT), as well as biotechnology and high-tech firms; Above-average wealth and income factors, including an extremely strong market value per capita; Very strong financial position, despite general fund decreases in fiscals 2010 and 2011, coupled with an experienced management team and strong management policies; and Low debt burden and manageable capital plan. The city's full faith and credit pledge...

Companies mentioned in this report are:
- Cambridge

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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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.

- Cambridge

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