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

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

Research Update: Methuen, MA GO Debt Rating Raised to 'AA' From 'AA-' On Improved Financial Performance - S&P Global Ratings’ Credit Research
Research Update: 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. The city's full-faith-and-credit pledge, subject to the limits of Proposition 2 1/2, secures the series 2025 bonds and

  
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Research Update

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Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "Research Update: 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/Research-Update-Methuen-MA-GO-Debt-Rating-Raised-to-AA-From-AA-On-Improved-Financial-Performance-3372081>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: 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/Research-Update-Methuen-MA-GO-Debt-Rating-Raised-to-AA-From-AA-On-Improved-Financial-Performance-3372081>
  
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