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Cambridge, Massachusetts; Tax Secured, General Obligation Jan 05
Standard & Poors, Jan 2005
Abstract
The 'AAA' rating on Cambridge, Mass.' GO bonds (municipal purpose loan of 2005) reflects: Cambridge's continued strong financial position; A dynamic local economy, centered on its two major universities and the biotechnology industry and continued economic redevelopment citywide; High wealth and income factors, including a high market value per capita; Strong and experienced management that uses detailed modeling to forecast revenue and capital trends; and A low debt burden and favorable capital plan. The 'AAA' rating on the outstanding GO debt has been affirmed. The bonds are a general obligation of Cambridge, for which its full faith and credit is pledged. Cambridge (population, 101,355) is located across the Charles River from Boston and covers just 6.26 square miles. Anchored by...
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
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