Littleton, Mass., S&P Outlook Negative

May 2005
Bond Buyer;5/11/2005, Vol. 352 Issue 32130, p2
Trade Publication
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.


Related Articles

  • Puerto Rico Infrastructure Financing Authority Lowered To 'B-'.  // Bondbuyer.com;2/27/2015, p42 

    The article reports the move by Standard & Poor's (S&P) Ratings Services as of late February 2015 to downgrade its rating on Puerto Rico Infrastructure Financing Authority's series 2011B and 2011C revenue bonds to B-minus from BB-minus.

  • S&P Is Watching. DeSue, Tedra // Bond Buyer;3/3/2005, Vol. 351 Issue 32082, p31 

    The article informs about South Carolina's Standard & Poor's Corp. Standard & Poor's rates the agencies' debt AA-plus. The state's aid intercept program, which provides a credit enhancement for school district debt, was also put on CreditWatch. Standard & Poor's warns that such a move in the...

  • DeKalb-Cherokee Counties Gas District, Ala., Upgraded to A-Plus by S&P.  // Bondbuyer.com;4/8/2015, p16 

    The article focuses on the announcement by Standard & Poor's Ratings Services of its decision to raise its underlying rating on the gas revenue debt of DeKalb-Cherokee Counties Gas District, Alanbama to one notch to A-plus from A.

  • Housing Northwest Revs Lowered by S&P.  // Bond Buyer;5/11/2005, Vol. 352 Issue 32130, p2 

    The article reports that Standard & Poor's Corp. said it lowered its rating to BBB-minus from BBB on the Oregon Facilities Authority's series 2002A revenue bonds, issued for Housing Northwest Inc. (HNW), due to thin debt service coverage and declining demand. Standard & Poor's credit analyst...

  • Doha receives upgrade to sovereign rating.  // MEED: Middle East Economic Digest;3/16/2007, Vol. 51 Issue 11, p31 

    The article reports on the upgrade to the sovereign rating of Qatar in the Gulf Cooperation Council (GCC) from Standard & Poor's (S&P). S&P said the upgrade on Qatar's long-term foreign and local currency sovereign ratings was the result of accelerated reforms and a strong financial performance....

  • Coraopolis, Pa., Outlook to Negative.  // Bond Buyer;9/22/2005, Vol. 353 Issue 32223, p2 

    Reports that Standard & Poor's Ratings Services has revised its rating outlook to negative from stable on the outstanding general obligation bonds of Coraopolis, Pennsylvania, based on the borough's weakening financial performance and accumulated general fund balance deficit.

  • Washington Rises. Shields, Yvette // Bond Buyer;1/10/2007, Vol. 359 Issue 32545, p27 

    The article reports on the rise in Washington D.C.'s debt rating to A-plus from A based on Standard & Poor's Corp. The rise involved the citation of the city's expanding tax base, solid reserves and prudent management. The rating shows the city's position as a retail trade center for Franklin...

  • UK bodies take advantage of borrowing powers. Conrad, Mark // Public Finance;2/11/2005, p8 

    Reports on the identification of borrowing of British government bodies as the fastest growing area of commercial debt across local and regional government in Europe. Publication of a study of European local and regional government debt by Standard & Poor; Expected increase of British...

  • S&P Raises N.Y.C. GOs To AA-Minus. Cataldo, Adam L. // Bond Buyer;5/23/2006, Vol. 356 Issue 32387, p1 

    The article reports on the rating upgrade of Standard & Poor Corp. on New York City's general obligation (GO) debt. S&P rated the state's GO debt to AA-minus from A-plus ahead of May 23, 2006 sales of 600 million dollars in bond. The upgrade affects about 34.2 billion dollars of GO debt and the...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics