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 Jul 09, 2009
1146 words — Published Jul 09, 2009
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Abstract:

Standard&Poor's Ratings Services assigned its 'AAA' rating, and stable outlook, to West Hartford, Conn.'s series 2009A general obligation (GO) bonds and affirmed its 'AAA' rating, with a stable outlook, on the town's existing GO debt. In our opinion, the rating reflects the town's: Affluent and stable residential property tax base in the Hartford metropolitan statistical area (MSA); Very Strong household income levels and extremely strong per capita market values; Historically sound financial performance, good reserves, and conservative long-range planning; and Moderate-to-low debt burden with manageable additional capital needs. The town will use bond proceeds to fund various capital improvements. West Hartford, with a 2008 population estimate of 63,062, is an affluent suburb of Hartford, Conn. that enjoys good

  
Brief Excerpt:

RESEARCH Summary: West Hartford, Connecticut; General Obligation Publication date: 09-Jul-2009 Primary Credit Analyst: Victor Medeiros, Boston (1) 617-530-8305; victor_medeiros@standardandpoors.com Secondary Credit Analyst: Michael...

  
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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, Connecticut; General Obligation" Jul 09, 2009. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-West-Hartford-Connecticut-General-Obligation-732981>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: West Hartford, Connecticut; General Obligation Jul 09, 2009. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-West-Hartford-Connecticut-General-Obligation-732981>
  
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