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Calvert County, MD's Economic Growth, Strong Finances Elevate GO Debt Rating To 'AAA'; Outlook Stable Apr 11
Standard & Poors, April 2011
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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
NEW YORK (Standard & Poor's) April 29, 2011--Standard & Poor's Ratings Services raised its rating on Calvert County, Md.'s general obligation (GO) debt one notch to 'AAA' from 'AA+' based on Standard & Poor's opinion of the overall economic growth that has occurred within the county, coupled with, what it considers, strong fiscal policies and practices that have helped the county maintain a strong financial position despite some recent declines in economically sensitive revenues. The outlook is stable. At the same time, Standard & Poor's assigned its 'AAA' rating, and stable outlook, to the county's series 2011 $23.045 million consolidated public improvement GO bonds. The rating reflects Standard & Poor's opinion of the county's: Expanding local economy with the northern...
Companies mentioned in this report are: Calvert Cnty
Action: New Rating
Action: Outlook: Stable
Action: Upgraded
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