TITLE

Moody's: Massachusetts Still Aa2 But Outlook Now Stable

AUTHOR(S)
O'Bren, Elizabeth
PUB. DATE
December 2004
SOURCE
Bond Buyer;12/8/2004, Vol. 350 Issue 32025, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on Moody's Investors Service Inc., which affirmed Massachusetts' Aa2 general obligation bond rating and revised the outlook on the credit, to stable from negative, affecting $14 billion in debt. Moody's said the change in outlook was the result of improved state revenues, replenished reserves, and signs of employment gains. Massachusetts is not expected to sell general obligation bonds for ongoing capital projects until January 2005. Massachusetts dipped heavily into its $1.7 billion budget stabilization fund but has since, replenished much of what it took out. This contrasts with Connecticut, another high-wealth state, which has not managed to restore reserves that it wiped out in fiscal 2002.
ACCESSION #
15309108

 

Related Articles

  • Moody's Upgrades Brunswick County, N.C., to A2. DeSue, Tedra // Bond Buyer;1/8/2008, Vol. 363 Issue 327820, p4 

    The article reports that Brunswick County, North Carolina was upgraded to A2 from A3 by Moody's Investors Service Inc. ahead of its planned sale of $54 million of enterprise revenue bonds. The bonds will be used to fund projects for the county's water and sewer system. According to Moody's, the...

  • Central Ark. Water Revs Raised to Aa3 by Moody's.  // Bond Buyer;5/21/2007, Vol. 360 Issue 32633, p2 

    The article reports on the bond rating assigned by the Moody's Investors Service Inc. to Central Arkansas Water's revenue bonds. Moody's has assigned a Aa3 rating to the state's $17,625,000 water revenue bonds, and upgraded the system's parity debt rating to Aa3 from A1, affecting a total of...

  • Clark County, Nev., Airs Downgraded to Aa3 by Moody's.  // Bond Buyer;5/21/2014, Vol. 123 Issue 34113, p1 

    The article reports that the bond rating firm Moody's Investors Service Inc. has downgraded the rating offered to Clark County, Nevada's airport enterprise's senior lien general aviation revenue bonds to Aa3 from Aa2 as of May 21, 2014. Topics discussed include impact of assessing the senior...

  • Moody's Affirms A3 on Lancaster, Pa., Waste Agency. Burton, Paul // Bond Buyer;3/26/2014, Vol. 123 Issue 34082, p1 

    The article reports that Moody's Investors Service Inc. has offered A3 rating to the 19.7 million dollars Series 2006 resource recovery system revenue bonds of the Lancaster County Solid Waste Management Authority, Pennsylvania. Topics discussed include the purchase of the Harrisburg incinerator...

  • Moody's Becomes Third Agency to Downgrade Louisiana. DeSue, Tedra // Bond Buyer;12/5/2005, Vol. 354 Issue 32271, p4 

    The article presents information on the downgrading of Louisiana's bond rating by Moody's Investors Service Inc. Moody's lowered the debt to the equivalent A2 from A1. Moody's also downgraded several revenue bond issues to A3 from A2, including about $95 million of toll road revenue bonds sold...

  • Moody's Puts Michigan on Watch, Citing Weak Economy. Carvlin, Elizabeth // Bond Buyer;3/28/2003, Vol. 343 Issue 31803, p3 

    Moody's Investors Service Inc. placed the state of Michigan's general obligation debt on its watch list for a possible downgrade, citing the weak economy that has caused the state to deplete its reserves.The action affects about 1.1 billion dollars of general obligation debt and about 15 billion...

  • Seattle Waste Upgraded. Kelemen, Jasmina // Bond Buyer;3/4/2005, Vol. 351 Issue 32083, p35 

    The article focuses on the upgradation of Seattle solid-waste revenue bonds to Aa3 from Al by the Moody's Investors Service Inc. The upgrade affects $25.46 million of bonds issued in 1999. Moody's in its report said that credit strengths include the system's strong service area — which...

  • Moody's Drops Lafayette. Devitt, Caitlin // Bond Buyer;10/28/2009, Vol. 370 Issue 33207, p9 

    The article reports on the downgrade of the bond rating of Lafayette, Indiana to A1 from Aa3 by Moody's Investors Service. It states that the downgrade affects just under five million dollars of oustanding general obligation debt and 25.6 million dollars of outstanding lease rental revenue...

  • Oakdale, Calif.'s Sewer Revs Downgraded to B1 by Moody's.  // Bond Buyer;9/11/2012, Vol. 121 Issue 33780, p1 

    The article offers information that Moody's Investors Service Inc. has downgraded the underlying rating on the 2002 revenue bonds of Oakdale Public Financing Authority, Oakdale, California to B1 from Baa1. The down gradation reflects the debt service payment default of sewer enterprise on an...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics