Ship Bottom, N.J., Raised by Moody's

December 2004
Bond Buyer;12/9/2004, Vol. 350 Issue 32026, p2
Trade Publication
The article reports that Moody's Investors Service Inc. said it has assigned an A3 rating to the borough of Ship Bottom, New Jersey's $3.4 million general obligation bonds, 2004, and upgraded to A3 from Baa2 the rating on $7.3 million in parity debt outstanding, including this issue. The upgrade to A3 reflects a near doubling of the borough's New Jersey shore tax base over the last five years and healthy finances with a current fund balance that has exceeded 25% of revenues for the last four years. Also factored into assignment of the A3 rating is the borough's low debt burden.


Related Articles

  • Delhi CSD, N.Y., GOs Cut by Moody's.  // Bond Buyer;6/30/2003, Vol. 345 Issue 31667, p2 

    Moody's Investors Service said it has assigned a MIG-1 rating to Delhi Central School District, NewYork's $13.4 million bond anticipation notes, 2003 and downgraded the district's underlying rating to Baa2 from Baa1 affecting $25.2 million in outstanding long-term general obligation debt. The...

  • Hopewell, N.J., Raised by Moody's.  // Bond Buyer;12/9/2004, Vol. 350 Issue 32026, p2 

    The article reports that Moody's Investors Service Inc. said it has upgraded the rating on the township of Hopewell, New Jersey's outstanding general obligation debt to Aa2 from Aa3, affecting $13.5 million in outstanding general obligation bonds. Moody's investors Service Inc. expects the...

  • Sag Harbor, N.Y., Raised by Moody's.  // Bond Buyer;12/16/2004, Vol. 350 Issue 32031, p2 

    The article provides information about Moody's Investors Service Inc.'s new step as it assigned an Al rating to the value of Sag Harbor N.Y.'s $2.85 million public improvement bonds, Series 2004 and upgraded to A1 from A2 the rating on the village's $4.59 million in parity debt, including the...

  • ILLINOIS: College District Scores Aaa. Shields, Yvette // Bond Buyer;12/9/2009, Vol. 370 Issue 33230, p9 

    The article reports on the upgrade of the Community College District in Illinois 509's bond from Aa1 to Aaa rating by Moody's Investors Service Inc. in conjunction with the approval of the 45 million dollars general obligation bonds. According to Moody's Investors Service Inc.'s analysts, the...

  • Illinois Forest Preserve District Chopped to A1. Shields, Yvette // Bond Buyer;9/5/2012, Vol. 121 Issue 33776, p1 

    The article informs that Moody's Investors Service Inc. has downgraded the general obligation bond ratings of the Kendall County Forest Preserve District in Kendall County, Illinois from Aa3 to A1. The bond rating downfall is going to affect 48.7 million U.S. dollars of outstanding rated debt....

  • San Leandro Unified School District, Calif., Downgraded to A1 by Moody's.  // Bond Buyer;8/13/2014, Vol. 1 Issue 34160, p1 

    The article reports that Moody's Investors Service, a leading provider of credit ratings, has downgraded San Leandro Unified School District, California's general obligation bond rating to A1 from Aa3. Topics discussed include rating reflecting the California's weakened financial position...

  • Poughkeepsie, N.Y., Downgraded to Baa3 by Moody's.  // Bond Buyer;1/7/2014, Vol. 123 Issue 34039, p1 

    The article reports that Moody's Investors Service Inc. has stated that it has downgraded the city of Poughkeepsie, New York's 49.6 million U.S. dollars in outstanding rated debt to Baa3 from Baa2 as of January 2014. It mentions the downgrade in the rating reflects the city's declining financial...

  • Moody's Boosts Kenosha School District. Shields, Yvette // Bond Buyer;5/27/2015, Vol. 1 Issue 34315, p1 

    Moody's Investors Service has upgraded Kenosha Unified School District #1 in Wisconsin to Aa3 from A1 due to the district's strengthened fiscal position.

  • Loudoun County, Va., Breaks Triple-A Barrier With Moody's Upgrade. Vadum, Matthew // Bond Buyer;5/12/2004, Vol. 348 Issue 31882, p7 

    Reports that Moody's Investors Service has upgraded the general obligation rating of Loudon County, Virginia. Outstanding debt affected by the upgrade; Strength of the tax base and finances of the county; Signs of resilience shown by the local economy.


Read the Article


Sign out of this library

Other Topics