S&P Bond Rating – January 2021 [pdf].pdf

SP-Rating-2021-New-Bedford.pdf
Preview of S&P Bond Rating – January 2021 [pdf]
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📊 Size: 309 KB
📄 Pages: 4 pages
⬇️ Downloads: 123

Summary

S&P Global Ratings assigned its 'SP-1+' rating to the $18.3 million general obligation bond anticipation notes (BANs) for the city of New Bedford, Mass. The short-term rating reflects the city's general creditworthiness and market-risk profile, considered low. The notes are a full faith and credit obligation of the city, and management plans to use the proceeds to fund capital projects, including public safety, communications, infrastructure, and school renovation. The city's credit profile is supported by a very strong management environment, adequate economy, and strong liquidity, but is challenged by a weak debt and contingent liability profile.

Description

S&P Global Ratings assigned its 'SP-1+' rating to the $18.3 million general obligation bond anticipation notes (BANs) for the city of New Bedford, Mass.

Technical Information

  • File Format: PDF
  • File Size: 309 KB
  • Pages: 4
  • Language: EN
  • Total Downloads: 123
  • Last Updated: 1 week ago

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