New Issue Report
Commonwealth of Massachusetts
Thu 30 May, 2024 - 2:04 PM ET
The Commonwealth of Massachusetts' 'AA+' Long-Term Issuer Default Rating (IDR) reflects its considerable economic resources, adroit management of economic and revenue cyclicality, and strong budget controls. A strong reserve funding mechanism that shields the general fund from capital gains-related volatility has accelerated the building of Massachusetts' stabilization fund.