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Calvert County, MD's GO Bonds Raised to 'AA' Based on Strong Finances and Solid Reserves Mar 03
Standard & Poors, March 2003
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 18, 2003-Standard & Poor's Ratings Services said today it raised its rating on Calvert County, Md.'s $9.39 million outstanding general obligation bonds to 'AA' from 'AA-' based on the county's continued strong financial position and solid reserve levels, coupled with very good taxing flexibility to offset the current challenges faced by the state in balancing its budget. The current outlook is stable. Standard & Poor's also assigned its 'AA' rating to the county's $50.75 million general obligation bonds series 2003, reflecting an expanding local economy; historically low unemployment and debt; steady tax base growth, even as the board of county commissioners works to control growth; and wealth and income levels that are above the...
Companies mentioned in this report are: Calvert Cnty
Action: New Rating
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