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The original item was published from 12/1/2009 8:54:00 AM to 12/1/2009 8:55:36 AM.

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Posted on: November 27, 2009

[ARCHIVED] Amherst Earns AA Stable Bond Rating

Posted 12/01/2009

Standard & Poor's Ratings Services assigned its 'AA' long-term rating and a stable outlook to the town of Amherst, Mass.' general obligation municipal purpose bonds, series 2009. In our opinion, the rating reflects the town's:
• Strong and stable economic base, anchored by the flagship campus of the University of Massachusetts, as well as Amherst College and Hampshire College;
• Good income and wealth indicators, which are particularly significant given the high student population; • Good financial management and good reserve levels heading into 2010; and • Low overall debt burden, and rapid debt amortization.

[Entire Report (PDF) ]
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