- Language: English
- Published: November 2012
- Region: Serbia
Summary: Annapolis, Maryland; General Obligation Aug 07
- Published: August 2007
- Region: Maryland
- Standard & Poors
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...
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Action: New Rating
Action: Outlook: Stable
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