Summary: West Hartford, CT; Tax Secured, General Obligation - S&P Global Ratings’ Credit Research

Summary: West Hartford, CT; Tax Secured, General Obligation

Summary: West Hartford, CT; Tax Secured, General Obligation - S&P Global Ratings’ Credit Research
Summary: West Hartford, CT; Tax Secured, General Obligation
Published Nov 22, 2002
920 words — Published Nov 22, 2002
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Abstract:

The 'AAA' rating on West Hartford, Conn.'s GO bonds series 2002C reflects: An affluent and stable residential tax base located within the Hartford metropolitan area, Well-above-average wealth levels and historically low unemployment, Historically sound financial performance and conservative long-range planning, and A low debt burden with manageable future capital needs. The Town of West Hartford's series 2002C GO bonds are secured by the towns' full faith and credit GO pledge. Bond proceeds will be used to partially refund prior to maturity West Hartford's GO bonds series 1996, 1997, and 1999 at an estimated net present value saving of $568,339, or 2.91% of refunded principal. A significant portion of the savings will be taken in 2003 with the remainder being spread

  
Brief Excerpt:

RESEARCH Summary: West Hartford, CT; Tax Secured, General Obligation Publication date: 22-Nov-2002 Credit Profile $20 mil muni debt muni issue ser 2002C due 2014 ### Sale date: 25-NOV-2002 AFFIRMED $81.500 mil. West Hartford ### OUTLOOK:...

  
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Summary

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Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "Summary: West Hartford, CT; Tax Secured, General Obligation" Nov 22, 2002. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-West-Hartford-CT-Tax-Secured-General-Obligation-277486>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: West Hartford, CT; Tax Secured, General Obligation Nov 22, 2002. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-West-Hartford-CT-Tax-Secured-General-Obligation-277486>
  
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