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Cambridge, Mass.' Series 2005 GO Bonds Rated 'AAA'; Strong Financial Position Cited Jan 05
Standard & Poors, Jan 2005
Abstract
BOSTON (Standard & Poor's) Jan. 20, 2005-Standard & Poor's Ratings Services has assigned its 'AAA' rating to Cambridge, Mass.' $46.085 million general obligation bonds (municipal purpose loan of 2005), reflecting Cambridge's continued strong financial position. The bonds are scheduled to sell on Jan. 27. The outlook is stable. At the same time, the rating agency affirmed its 'AAA' rating on Cambridge's outstanding general obligation debt. The rating also reflects 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...
Companies mentioned in this report are: Cambridge
Action: Affirmed
Action: New Rating
Action: Outlook: Stable
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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