Massachusetts Bonds' Outlook Boosted

O'Brien, Elizabeth
December 2004
Bond Buyer;12/16/2004, Vol. 350 Issue 32031, p29
Trade Publication
The article gives information about Massachusetts' qualified bond program. Moody's Investors Service Inc. yesterday revised the outlook to stable from negative on Massachusetts' qualified bond program following a similar action last week on the commonwealth's credit. Moody's rates the qualified bond program Aa3. The revision affects $1.1 billion of outstanding long-term debt issued by 18 participating municipalities and school districts. These communities are generally lower-rated credits that benefit from a higher state rating when they sell state-qualified bonds.


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