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Calvert County, MD's GO Debt Outlook Changed to Positive from Stable; GO Bonds Rated 'AA-' Mar 02
Standard & Poors, March 2002
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) March 1, 2002-Standard & Poor's today assigned its double-'A'-minus rating to Calvert County, Md.'s $24.115 million GO bonds due March 1, 2017. The bonds are scheduled to sell March 5, 2002. The outlook is positive. In addition, Standard & Poor's affirmed its double-'A'-minus rating on the county's outstanding GO debt and changed the outlook to positive from stable. The rating reflects: -- The expanding local economy of the county, whose northern border currently serves as a bedroom community for the greater Washington, D.C. metropolitan area; -- Wealth and income levels that are above the national average; -- Historically low unemployment; -- Steady tax base growth; -- A strong financial position strengthened by strong reserves, good...
Companies mentioned in this report are: Calvert Cnty
Action: New Rating
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