• SELECT SITE CURRENCY
Select a currency for use throughout the site
Summary: Burlington, Massachusetts; General Obligation; Note Jul 12
Standard & Poors, July 2012
Standard & Poor's Ratings Services has assigned its 'SP-1+' rating to Burlington, Mass.' bond anticipation notes (BANs) series 2012 and its 'AA+' long-term rating to the town's general obligation (GO) bonds series 2012. At the same time, Standard & Poor's affirmed its 'AA+' rating, and stable outlook, on the town's long-term GO debt outstanding. The long-term debt to retire the BANs has been authorized. The ratings reflect our assessment of the town's: Good location and tax base, with extremely high per capita market value of more than $170,000; Very strong income levels, with median household effective buying income (EBI) above 160% of the national level; Strong reserve levels that have been maintained at more than 10% of expenditures over the...
Companies mentioned in this report are: Burlington
Action: New Rating
Action: Outlook: Stable
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.