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Vermont; General Obligation, State GO Oct 00
Standard & Poors, October 2000
Vermont's GO rating was recently upgraded to 'AA+' from 'AA', reflecting the following credit factors: A strong capital planning focus that is positioned on the utilization of current surpluses for capital and reducing future debt service fixed costs; Good financial management that has restrained budget growth and managed growing resources; A continued trend of growing reserves, due, in part, to legislative actions to require funding of reserves at prescribed levels; and A steadily growing economy that is diversifying. The state's economy continues to perform well in the prolonged expansion. Vermont, Massachusetts, New Hampshire, and Maine form an interdependent regional economy that continues to diversify and expand. The regional growth in information and communications technology companies and financial and biomedical industries...
Companies mentioned in this report are: Vermont
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