Summary: Portsmouth, New Hampshire; General Obligation; Note

S&P Global Ratings assigned its 'AAA' long-term rating to Portsmouth, N.H.'s roughly $43.3 million series 2024 general obligation (GO) bonds. S&P Global Ratings also assigned its 'SP-1+' short-term rating to the city's roughly $7.6 million series 2024 GO bond anticipation notes (BANs), maturing June 20, 2025. S&P Global Ratings also affirmed its 'AAA' long-term rating on the city's existing GO debt and its 'SP-1+' short-term rating on the city's existing BANs. The outlook on the long-term rating is stable. Portsmouth's full-faith-and-credit pledge secures the bonds and BANs, including the levy and collection of property taxes on all taxable property within the city without limitation as to rate or amount. In our view, Portsmouth maintains a very strong capacity to make

...Most recent --Historical information-- 2023 2022 2021 Net direct debt as a % of governmental fund revenue 88.3 Overall net debt as a % of market value 1.5 Direct debt 10-year amortization (%) 58.8 Required pension contribution as a % of governmental fund expenditures 7.8 Other postemployment benefits actual contribution as a % of governmental fund expenditures 0.6 Very strong Institutional Framework Data points and ratios may reflect analytical adjustments....

Summary