TITLE

Bucksport, Maine, Raised to A- by S&P

PUB. DATE
December 2004
SOURCE
Bond Buyer;12/22/2004, Vol. 350 Issue 32035, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Standard & Poor's Corp., has announced that it has raised its rating on Bucksport, Maine's general obligation debt. The rating has been upgraded to A- from BBB-plus. It is based on the continued diversification of the town's once very concentrated property tax base. The outlook remains stable. Other credit factors include the town's strong financial operations, complemented by experienced management, and moderate debt burden. Standard & Poor's credit analyst Colin MacNaugbt said that they believe that the economic base will remain sufficient to support Bucksport's financial operations and moderate debt levels.
ACCESSION #
15458115

 

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