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Hull, MA Outlook Revised To Stable From Negative As Financial Position Improves Jul 12
Standard & Poors, July 2012
BOSTON (Standard & Poor's) July 30, 2012--Standard & Poor's Ratings Services said today it revised its outlook on Hull, Mass.' general obligation (GO bonds) to stable from negative. We also assigned a 'AA-' long-term rating to the town's series 2012 GO municipal purpose bonds, and affirmed the 'AA-' issuer credit rating (ICR). "The outlook revision is based on the community's efforts and success in stabilizing its financial position," said Standard & Poor's credit analyst Victor Medeiros. Factors supporting the long-term rating include the town's: Access to Boston, which provides employment opportunities and income stability; Strong income levels, with median household effective buying income at 120% of the national level; Extremely strong per capita market value despite recent decreases in real...
Companies mentioned in this report are: Hull
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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.