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 Jul 19, 2010
1660 words — Published Jul 19, 2010
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Abstract:

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 strong reserve levels, very strong income levels, and extremely strong per capital market value. The rating also reflects our view of the town's: Residential tax base, with little taxpayer concentration; and Low debt burden and limited additional capital needs. The bonds and notes are general obligations of the town, for which it pledges

  
Brief Excerpt:

RESEARCH Summary: East Haddam, Connecticut; General Obligation; Note Publication date: 19-Jul-2010 Primary Credit Analyst: Henry W Henderson, Boston (1) 617-530-8314; henry_henderson@standardandpoors.com Secondary Credit Analyst:...

  
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" Jul 19, 2010. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-East-Haddam-Connecticut-General-Obligation-Note-809961>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: East Haddam, Connecticut; General Obligation; Note Jul 19, 2010. 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-809961>
  
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