East Haddam, CT, GO Debt Rating Raised To 'AA+' On Strong Income And Reserve Levels; 2010 GO Debt Rated 'AA+' - S&P Global Ratings’ Credit Research

East Haddam, CT, GO Debt Rating Raised To 'AA+' On Strong Income And Reserve Levels; 2010 GO Debt Rated 'AA+'

East Haddam, CT, GO Debt Rating Raised To 'AA+' On Strong Income And Reserve Levels; 2010 GO Debt Rated 'AA+' - S&P Global Ratings’ Credit Research
East Haddam, CT, GO Debt Rating Raised To 'AA+' On Strong Income And Reserve Levels; 2010 GO Debt Rated 'AA+'
Published Jul 16, 2010
Published Jul 16, 2010
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Abstract:

BOSTON (Standard&Poor's) July 16, 2010--Standard&Poor's Ratings Services has raised its rating on East Haddam, Conn.'s general obligation (GO) debt to 'AA+' from 'AA'. At the same time, Standard&Poor's assigned its 'AA+' rating to the town's series 2010 GO bonds. The outlook is stable. In addition, Standard&Poor's assigned its 'SP-1+' rating to the town's GO bond anticipation notes. "The upgrade reflects our opinion of the town's very strong income levels and extremely strong per capital market value, residential tax base, strong reserve levels, and low debt burden and limited additional capital needs," said Standard&Poor's credit analyst Henry Henderson. The bonds and notes are general obligations of the town, for which it

  
Report Type:

Ratings Action

Issuer
East Haddam
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "East Haddam, CT, GO Debt Rating Raised To 'AA+' On Strong Income And Reserve Levels; 2010 GO Debt Rated 'AA+'" Jul 16, 2010. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/East-Haddam-CT-GO-Debt-Rating-Raised-To-AA-On-Strong-Income-And-Reserve-Levels-2010-GO-Debt-Rated-AA-809822>
  
APA:
S&P Global Ratings’ Credit Research. (). East Haddam, CT, GO Debt Rating Raised To 'AA+' On Strong Income And Reserve Levels; 2010 GO Debt Rated 'AA+' Jul 16, 2010. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/East-Haddam-CT-GO-Debt-Rating-Raised-To-AA-On-Strong-Income-And-Reserve-Levels-2010-GO-Debt-Rated-AA-809822>
  
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