Methuen, MA GO Debt Rating Raised to 'AA' From 'AA-' On Improved Financial Performance - S&P Global Ratings’ Credit Research

Methuen, MA GO Debt Rating Raised to 'AA' From 'AA-' On Improved Financial Performance

Methuen, MA GO Debt Rating Raised to 'AA' From 'AA-' On Improved Financial Performance - S&P Global Ratings’ Credit Research
Methuen, MA GO Debt Rating Raised to 'AA' From 'AA-' On Improved Financial Performance
Published May 19, 2025
Published May 19, 2025
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Abstract:

S&P Global Ratings raised its underlying rating (SPUR) on Methuen , Mass.? general obligation (GO) debt outstanding to 'AA' from 'AA-'. At the same time, S&P Global Ratings assigned its 'AA+' long-term enhanced rating and 'AA' SPUR to Methuen's $6.7 million series 2025 GO commonwealth-qualified municipal-purpose loan of 2025 bonds. The outlook is stable. The higher rating reflects the city?s stabilized financial performance and improved financial management after emerging from commonwealth oversight, supporting substantial improvement in available reserves. The rating is based on the application of our criteria, " Methodology For Rating U.S. Governments , Sept. 9, 2024," published Sept. 9, 2024. BOSTON (S&P Global Ratings) May 19, 2025--S&P Global Ratings today took the ratings actions listed above. We evaluated

  
Report Type:

Ratings Action

Issuer
Methuen
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Methuen, MA GO Debt Rating Raised to 'AA' From 'AA-' On Improved Financial Performance" May 19, 2025. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Methuen-MA-GO-Debt-Rating-Raised-to-AA-From-AA-On-Improved-Financial-Performance-3372082>
  
APA:
S&P Global Ratings’ Credit Research. (). Methuen, MA GO Debt Rating Raised to 'AA' From 'AA-' On Improved Financial Performance May 19, 2025. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Methuen-MA-GO-Debt-Rating-Raised-to-AA-From-AA-On-Improved-Financial-Performance-3372082>
  
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