- Language: English
- Published: September 2009
Vermont; General Obligation Oct 10
- Published: October 2010
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA+' rating, and stable outlook, to Vermont's series 2010 D general obligation (GO) bonds, and affirmed its 'AA+' rating, with a stable outlook, on the state's existing GO debt. The ratings reflect our opinion of the state's: Strong financial management that has helped it maintain a good financial position in an environment of declining revenue; and Low debt burden and rapid debt amortization. The state's GO bonds are secured by the state's full faith and credit pledge. We understand that the state will use proceeds for various capital purposes. Vermont, with a population estimate of 621,240, is in northern New England, bordered by Canada to the north, and the U.S. states of New...
Companies mentioned in this report are: Vermont
Action: New Rating
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Research Type: Full Analysis
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