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

Summary: West Hartford, Connecticut; General Obligation

Summary: West Hartford, Connecticut; General Obligation - S&P Global Ratings’ Credit Research
Summary: West Hartford, Connecticut; General Obligation
Published Oct 20, 2020
9 pages (4284 words) — Published Oct 20, 2020
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'AAA' long-term rating to West Hartford, Conn.'s series 2020C and 2020D general obligation (GO) refunding bonds. At the same time, S&P Global Ratings affirmed its 'AAA' rating on the town's GO debt outstanding. The outlook is stable. West Hartford's full faith and credit pledge, payable from the levy of an unlimited ad valorem tax on all taxable property in the town, secures the bonds and GO debt outstanding. Proceeds from the series 2020 refunding bonds will refund several of the town's outstanding GO bonds for net present value savings. While the scope of economic and financial challenges posed by COVID-19 remains unknown, possibly for an extended period, due to the tax base's historical stability and

  
Brief Excerpt:

...S&P Global Ratings assigned its '###' long-term rating to West Hartford, Conn.'s series 2020C and 2020D general obligation (GO) refunding bonds. At the same time, S&P Global Ratings affirmed its '###' rating on the town's GO debt outstanding. The outlook is stable. West Hartford's full faith and credit pledge, payable from the levy of an unlimited ad valorem tax on all taxable property in the town, secures the bonds and GO debt outstanding. Proceeds from the series 2020 refunding bonds will refund several of the town's outstanding GO bonds for net present value savings....

  
Report Type:

Summary

Issuer
Sector
Public Finance
Country
Region
Format:
PDF Adobe Acrobat
Buy Now

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.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: West Hartford, Connecticut; General Obligation" Oct 20, 2020. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-West-Hartford-Connecticut-General-Obligation-2539985>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: West Hartford, Connecticut; General Obligation Oct 20, 2020. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-West-Hartford-Connecticut-General-Obligation-2539985>
  
US$ 225.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.