Summary: Newtown, Connecticut; General Obligation Sep 10

Standard & Poors, September 2010

Abstract
Standard & Poor's Ratings Services assigned its 'AA+' rating, and stable outlook, to Newtown, Conn.'s series 2010A general obligation (GO) refunding bonds and affirmed its 'AA+' rating, with a stable outlook, on the town's existing GO debt. The rating reflects our assessment of the town's: Affluent community with access to regional employment centers in the county, as well as New York City; Strong property wealth levels; History of sound financial operations; and Low debt burden. The town's full faith and credit pledge secures the bonds. Officials have indicated they plan to use bond proceeds to refund all, or a portion, of the town's GO bonds outstanding dated 2004, 2005, 2007, and 2010. Officials expect the refunding to generate a net...

Companies mentioned in this report are: Newtown
Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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Newtown

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