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Summary: Waltham, MA; General Obligation, Local GO Jul 97 Product Image

Summary: Waltham, MA; General Obligation, Local GO Jul 97

  • ID: 2051926
  • July 1997
  • Standard & Poors

Abstract
The rating upgrade on Waltham, Mass' bonds reflects: * The city's increasingly deep, diverse, and resurgent tax and economic base; * Solid financial position, even during the low point of the last recession; and * The expectation that debt will remain low and that capital needs will remain manageable. Waltham, population 54,791, is an attractive location for both residents and employers due to its excellent location along I-95 and Route 128 and its close proximity to Boston. The location along Route 128 has led to exceptionally low office vacancy rates (about 2% for class `A' space) and a boom in office construction along this well-known "high tech" highway. City officials believe that about 44% of the office space along Route...

Companies mentioned in this report are:
- Waltham

Action: New Rating

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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.

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