Summary: Annapolis, Maryland; General Obligation Aug 07

Standard & Poors, August 2007

Abstract
Standard & Poor's Ratings Services assigned its 'AA' rating to the city of Annapolis, Md.'s series 2007 GO bonds. Standard & Poor's also affirmed its 'AA' long-term rating on the city's previously issued GO bonds. The 'AA' rating reflects: A local economic base anchored by the state and federal government and maritime-related tourism; Proximity and participation in both the Baltimore and Washington, D.C. metropolitan areas; A growing and diverse tax base with no taxpayer concentration; Strong financial performance and position, despite a reduction in reserves to fund capital improvement projects (CIPs); and A low debt burden with manageable future capital needs. The series 2007 and previously issued GO bonds are secured by the city's full faith and credit pledge. Proceeds...

Companies mentioned in this report are:
- Annapolis

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

- Annapolis

Customers who bought this item also bought

• Marine Applications of Nuclear Power
• Slovenia Defence and Security Report Q1 2012
• Brazil Defence and Security Report Q4 2011
• Government Guarantees - In Focus
• Romania Defence and Security Report Q3 2011
• Driven by Data. A Practical Guide to Improve Instruction
• Iraq Infrastructure Report Q2 2012
• IntelliNews - Bosnia and Herzegovina Country Report - Issue 3, 2013
• Mexico Defence and Security Report Q1 2011
• Libya Defence and Security Report Q3 2011