|
|
 |
|
Viewing report
|
|
|
|
Cambridge, Massachusetts; General Obligation, Local GO Oct 99
Standard & Poors, Oct 1999
Abstract
The rating upgrade on Cambridge, Mass.' bonds reflects continued economic diversification and tax base expansion, strong financial operations, and considerable financial flexibility despite proposition 2-1/2 limitations. Other rating factors include: A diversified, growing tax base that is anchored by two of the nation's most respected and wealthy universities and research centers, and complemented by robust high technology, biotechnology, and financial services industries; Solid financial operations and budget stabilization reserves through all economic cycles; A strong management team, which has prudently managed resources over a prolonged period; and A moderate debt burden with manageable capital needs. Cambridge, which forms a vibrant part of the Boston regional economy, along with its strong university presence, has evolved into a premier technological and educational...
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
|
|
|
|
