|
|
 |
|
Viewing report
|
|
|
|
Cambridge, Massachusetts; Tax Secured, General Obligation Dec 02
Standard & Poors, Dec 2002
Abstract
The 'AAA' rating on Cambridge, Mass.' GO bonds is based on the full faith and credit GO pledge of the city and reflects: Cambridge's wealthy local economy, which draws its considerable strength from education, research, biotechnology, and consulting services; An experienced and innovative management team; Strong financial operations supported by consistently prudent fiscal practices, including budget stabilization reserves; and A low debt burden with a history of consistent implementation of a capital improvement plan (CIP). Proceeds of the bonds will be used to fund improvements to the city hall annex and a fire station, among other municipal buildings, and for sewer reconstruction, street reconstruction, and golf course improvements. Cambridge (population 101,355) is across the Charles River from Boston and covers...
Companies mentioned in this report are: Cambridge
Action: New Rating
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: Full Analysis
|
|
|
|
