Vermont; General Obligation, State GO Oct 00

Standard & Poors, October 2000

Abstract
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
Action: Affirmed

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

Vermont

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