TITLE

Madison, N.J. GOs Raised To AAA By S&P

PUB. DATE
December 2004
SOURCE
Bond Buyer;12/29/2004, Vol. 350 Issue 32039, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Standard & Poor's Corp. has said that it has raised its rating on the Borough of Madison, New Jersey's outstanding general obligation bonds to AAA from AA-plus based on the borough's continued strong financial performance and position with ongoing revenue-generating flexibility, coupled with sound fiscal policies and conservative management practices. The outlook is stable based on the expectation that financial management will remain strong, bolstered by pay-as- you-go funding of capital improvements and a strong local economy.
ACCESSION #
15505317

 

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