TITLE

Littleton, Mass., S&P Outlook Negative

PUB. DATE
May 2005
SOURCE
Bond Buyer;5/11/2005, Vol. 352 Issue 32130, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Standard & Poor's Corp. said it revised its outlook on the rating on Littleton, Massachusetts, general obligation debt outstanding to negative from stable based on the town's deteriorated financial position due to poor operating results and the drawdown of reserves to boost municipal operations, which have reduced the town's revenue flexibility. Standard & Poor's also affirmed its A-plus underlying rating on the town's general obligation debt outstanding. The rating action affects roughly $38.6 million of general obligation debt outstanding.
ACCESSION #
17024609

 

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