Summary: Westfield, Massachusetts; General Obligation; Note

Standard&Poor's Ratings Services assigned its 'SP-1+' short-term rating to Westfield, Mass.' general obligation (GO) bond anticipation notes (BANs), series 2015. At the same time, we affirmed our 'AA' long-term rating and underlying rating (SPUR) on the city's outstanding GO debt. The outlook is stable. The short-term rating reflects the 'AA' long-term rating and the city's low market-risk profile. Westfield maintains strong legal authority to issue long-term debt to take out the notes and is a frequent issuer that regularly provides ongoing disclosure to market participants. The notes and bonds are general obligations of the city, which has pledged its full faith and credit. Proceeds from the BANs will be used for capital projects including roadway, water pipeline, and

...Standard & Poor's Ratings Services assigned its 'SP-1+' short-term rating to Westfield, Mass.' general obligation (GO) bond anticipation notes (BANs), series 2015. At the same time, we affirmed our '##' long-term rating and underlying rating (SPUR) on the city's outstanding GO debt. The outlook is stable. The short-term rating reflects the '##' long-term rating and the city's low market-risk profile. Westfield maintains strong legal authority to issue long-term debt to take out the notes and is a frequent issuer that regularly provides ongoing disclosure to market participants. The notes and bonds are general obligations of the city, which has pledged its full faith and credit. Proceeds from the BANs will be used for capital projects including roadway, water pipeline, and dam improvements. The rating reflects our assessment of the following factors for the city:...

Summary