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 Jan 13, 2003
922 words — Published Jan 13, 2003
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Abstract:

The 'AAA' rating on West Hartford, Conn.'s GO refunding bonds series 2003A 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 bonds are secured by the town's 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 savings of $631,000, or 3.25% of refunded principal. Approximately one-third of the savings will be taken in fiscal 2003, with an average saving of $42,000 a year throughout the remaining

  
Brief Excerpt:

RESEARCH Summary: West Hartford, CT; Tax Secured, General Obligation Publication date: 13-Jan-2003 Credit Profile $19.67 mil GO rfdg bnds ser 2003A dtd 01/15/2003 due 07/15/2014 ### Sale date: 15-JAN-2003 AFFIRMED $81.500 mil. West Hartford...

  
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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" Jan 13, 2003. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-West-Hartford-CT-Tax-Secured-General-Obligation-284864>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: West Hartford, CT; Tax Secured, General Obligation Jan 13, 2003. 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-284864>
  
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