Printer Friendly

MOODY'S CONFIRMS 'A' RATING ON BOSTON GENERAL OBLIGATION BONDS

   MOODY'S CONFIRMS 'A' RATING ON BOSTON GENERAL OBLIGATION BONDS
    NEW YORK, Jan. 29 /PRNewswire/ -- Effective today, Moody's Investors Service confirmed the "A" rating on the city of Boston's general obligation bonds in conjunction with the city's $70 million general obligation bond sale expected through negotiation Feb. 17, 1992.
    In assigning the rating Moody's noted that budgetary pressures have increased for the city of Boston due to declining local aid levels, Proposition 2-1/2 restrictions, and the effects of the prolonged economic downturn.  While these factors present significant challenges, the city continues to be well-positioned to address them through continued adherence to strong fiscal and management policies which have contributed to positive financial operations including satisfactory reserves.
    This rating applies to $565,365,000 non-insured parity debt outstanding.
    -0-          1/29/92
    /CONTACT:  Joan Dougherty, 212-553-7737, or Karl Jacob, 212-553-4833, both of Moody's/ CO:  City of Boston ST:  Massachusetts IN: SU:  RTG SM-CK -- NY082 -- 4922 01/29/92 16:46 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 29, 1992
Words:160
Previous Article:IMTEC, INC. ANNOUNCES RESULTS FOR SECOND QUARTER, FY 1992
Next Article:ENRON OIL & GAS REPORTS 21 PERCENT EARNINGS INCREASE TO $54.9 MILLION OR $.72 PER SHARE IN 1991


Related Articles
MOODY'S CONFIRMS Aa RATING FOR STATE OF OREGON GENERAL OBLIGATIONS
MOODY'S CONFIRMS 'Baa1' RATING ON NEW YORK CITY'S GENERAL OBLIGATION BONDS AND ASSIGNS RATINGS TO FOUR SERIES OF ADJUSTABLE RATE BONDS
MOODY'S AFFIRMS A1 RATING ON GENERAL OBLIGATION BONDS OF PALM BEACH COUNTY SCHOOL DISTRICT, FLORIDA
MOODY'S CONFIRMS 'A' RATING ON STATE OF NEW YORK GENERAL OBLIGATION BONDS
MOODY'S CONFIRMS WATERBURY, CONN. GENERAL OBLIGATION BOND RATING
MOODY'S CONFIRMS Baa1 RATING ON NEW YORK CITY GENERAL OBLIGATION BONDS
MOODY'S CONFIRMS MARYLAND'S 'Aaa' BOND RATING
MOODY'S CONFIRMS STATE OF MINNESOTA'S Aa GENERAL OBLIGATION BOND RATING DIVERSE ECONOMIC BASE AND SOUND FINANCIAL RECORD CITED;
MOODY'S CONFIRMS AA RATING ON STATE OF OREGON GENERAL OBLIGATION BONDS
MOODY'S CONFIRMS THE 'A1' RATING ON COOK COUNTY'S GENERAL OBLIGATION BONDS CITING NEW SALES TAX AS POSITIVE CREDIT FACTOR

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters