Home Credit Ratings and Research S&P Global Ratings’ Credit Research Southbridge Twn

Southbridge, MA's General Obligation Debt Upgraded To 'AA-' From 'A+' On Application Of GO Criteria; Outlook Stable

Published Jan 31, 2014

About This Report

Abstract:

BOSTON (Standard&Poor's) Jan. 31, 2014--Standard&Poor's Ratings Services raised its long-term and underlying ratings on Southbridge, Mass.' general obligation (GO) bonds 'AA-' from 'A+'. The outlook is stable. "The upgrade reflects the application of our local GO criteria released Sept. 12, 2013," said Standard&Poor's credit analyst Timothy Daley. The town's full faith and credit pledge secures the bonds. The ratings reflect our assessment of the following factors for the town, specifically: We consider Southbridge's economy weak. The community is primarily residential and in southern Worcester County in central Massachusetts, approximately 65 miles west of Boston and 21 miles southwest of the City of Worcester. In our opinion, the town's budgetary flexibility is strong and its

Report Type:

Ratings Action

Issuer

Southbridge Twn

Sector

Public Finance

Country

United States

Region

United States

Format:

HTML

Summary: Southbridge, Massachusetts; General Obligation – 2016/05/02 – US$ 225.00

Summary: Southbridge, Massachusetts; General Obligation – 2019/05/08 – US$ 225.00

Summary: Southbridge, Massachusetts; General Obligation – 2021/05/06 – US$ 225.00

Research Update: Southbridge, MA Series 2025 GO BANs Rated ?SP-1+?; GO Bond Long-Term Rating Affirmed At ?AA-? – 2025/05/07 – US$ 225.00

Summary: Southbridge, Massachusetts; General Obligation – 2014/01/31 – US$ 225.00

Summary: Southbridge, Massachusetts; General Obligation – 2013/02/20 – US$ 225.00

Summary: Southbridge, Massachusetts; General Obligation – 2012/11/05 – US$ 225.00

Summary: Southbridge, Massachusetts; General Obligation; Note – 2012/02/23 – US$ 225.00

Summary: Southbridge, Massachusetts; General Obligation; Note – 2011/05/06 – US$ 225.00

More from S&P Global Ratings’ Credit Research

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.

About the Author

Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Southbridge, MA's General Obligation Debt Upgraded To 'AA-' From 'A+' On Application Of GO Criteria; Outlook Stable" Jan 31, 2014. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Southbridge-MA-s-General-Obligation-Debt-Upgraded-To-AA-From-A-On-Application-Of-GO-Criteria-Outlook-Stable-1253130>

APA:	S&P Global Ratings’ Credit Research. (). Southbridge, MA's General Obligation Debt Upgraded To 'AA-' From 'A+' On Application Of GO Criteria; Outlook Stable Jan 31, 2014. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Southbridge-MA-s-General-Obligation-Debt-Upgraded-To-AA-From-A-On-Application-Of-GO-Criteria-Outlook-Stable-1253130>

US$ 150.00

$ £ €

Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

Example Report

Click to View Sample Report

More Research

Search all our Credit Research from one place.