Fitch assigns ‘AA+’ rating to Mass. bonds

NEW YORK – Fitch Ratings has assigned an “AA+” rating to $600 million in Commonwealth of Massachusetts consolidated-loan, general-obligation bonds, the agency announced last week. More

To continue reading this article, please do one of the following.



justice

Fitch assigns ‘AA+’ rating to Mass. bonds

Posted 8/5/13

NEW YORK – Fitch Ratings has assigned an “AA+” rating to $600 million in Commonwealth of Massachusetts consolidated-loan, general-obligation bonds, the agency announced last week.

Additionally, Fitch affirmed the rating of approximately $19 billion of outstanding Commonwealth general obligations and Commonwealth guaranteed bonds at “AA+.”

The rating outlook for both bonds is stable.

Fitch listed several factors for the rating, including the state’s “strong and wealthy economy” and prudent financial management.

However, while assigning the rating, Fitch said that credit strengths are tempered by a comparatively heavy debt burden that is expected to remain high. The stable outlook reflects the expectation that Massachusetts will continue to act as needed to ensure budget balance and maintain an adequate budgeted reserve position. •

Calendar
PBN Hosted
Events

Two Great Programs...One Great Event. PBN's Annual Celebration of Growth and Innovation is now underway. 2014 applications are now available. Deadline August 1st.
  • 40 Under Forty
    We're almost sold out. The 10th Anniversary of 40 Under Forty, and PBN is planni ...
  • Healthiest Employers
    See who the Healthiest Employers in RI are! And save the date - August 14th - at ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement