| Abstract: | NEW YORK (Standard&Poor's) Nov. 3, 2009--Despite tough economic times, the number of U.S. municipalities with 'AAA' ratings has more than doubled since early 2008, to 169, Standard&Poor's Ratings Services said today in a report. "The large increase reflects ongoing modifications to Standard&Poor's criteria and our view of the economic, financial, and managerial strength of these municipalities," said Standard&Poor's credit analyst Karl Jacob (see ?Ongoing Criteria Changes May Lead To USPF Rating Changes,? published May 5, 2008, on RatingsDirect). A total of 83 communities joined this elite group in the 18 months through August 2009. Of the new entrants, 65 were upgraded from our 'AA' category, while the debt of 21 communities was
|
