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Summary: Truro, Massachusetts; General Obligation Mar 12

  • ID: 2082927
  • March 2012
  • Region: Massachusetts
  • Standard & Poors

Standard & Poor's Ratings Services has affirmed its 'AA' long-term rating and underlying rating (SPUR) on Truro, Mass' general obligation (GO) bonds. The outlook is stable. Rating factors include the town's: Primarily residential area with an extremely high per capita market value; Strong financial position and stable revenue profile; and Manageable debt position with limited additional capital needs. Truro is on outer Cape Cod, about 106 miles from Boston. The town is primarily a residential resort community with a year-round population of 2,200 that swells to nearly 15,000 during the summer season. The economy is largely tourism based with no seasonal businesses exceeding 30 employees. Unemployment ranges widely throughout the year, reaching high double-digits in the winter months. Household income...

Companies mentioned in this report are: Truro Twn
Action: Affirmed
Action: Outlook: Stable

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Truro Twn

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