Summary: East Haddam, Connecticut; General Obligation; Note - S&P Global Ratings’ Credit Research

Summary: East Haddam, Connecticut; General Obligation; Note

Summary: East Haddam, Connecticut; General Obligation; Note - S&P Global Ratings’ Credit Research
Summary: East Haddam, Connecticut; General Obligation; Note
Published Nov 12, 2024
6 pages (2259 words) — Published Nov 12, 2024
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'SP-1+' rating to the town of East Haddam, Conn.'s $4.6 million 2024 bond anticipation notes (BANs) based on the application of its "Methodology for Rating U.S. Governments," published Sept. 9, 2024, on RatingsDirect. S&P Global Ratings also affirmed its 'AA+' rating on the town's outstanding general obligation (GO) debt. The outlook is stable. The town's unlimited-tax GO pledge to levy ad valorem taxes without limit as to rate or amount on all taxable property within its borders, secures the notes. The short-term rating on the BANs reflects our criteria for evaluating and rating BANs. We view the town's market risk profile as low because it has strong legal authority to issue long-term debt to take

  
Brief Excerpt:

...Institutional framework (IF) 1 Individual credit profile (ICP) 1.82 Economy 2.0 Financial performance 2 Reserves and liquidity 2 Debt and liabilities 1.75 Management 1.35...

  
Report Type:

Summary

Issuer
East Haddam
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. "Summary: East Haddam, Connecticut; General Obligation; Note" Nov 12, 2024. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-East-Haddam-Connecticut-General-Obligation-Note-3282071>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: East Haddam, Connecticut; General Obligation; Note Nov 12, 2024. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-East-Haddam-Connecticut-General-Obligation-Note-3282071>
  
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