How are New Hampshire General Obligation Bonds rated?
Each credit rating agency looks at a variety of factors in determining the rating. They look at past and forecasted results of financial operations, the state’s economy, demographics and the outstanding debt levels. Bond ratings may also depend on the security features of particular bonds. Some bonds with the same underlying ratings might have different credit ratings assigned to them by the rating agencies due to credit enhancements, such as bond insurance or letters of credit; or due to escrows that have been set up to pay principal and interest on refunded issues. As of April 2006, the underlying (uninsured) credit ratings for State of New Hampshire General Obligation bonds are set forth below. The ratings are subject to change at any time and there can be no assurance that the ratings in effect as of April 2006 will not be lowered or withdrawn or suspended in the future.
