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Calvert County, MD Rating Raised To 'AA+; Outlook Revised To Stable Apr 08
Standard & Poors, April 2008
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 18, 2008-Standard & Poor's Ratings Services said that it raised its rating on Calvert County, Md.'s general obligation (GO) bonds to 'AA+' from 'AA' and revised the outlook to stable from positive. In addition, Standard & Poor's assigned its 'AA+' rating, and stable outlook, to the county's 2008 GO bonds. 'The rating upgrade reflects the continued economic development occurring within the county (albeit at a slower pace than expected), coupled with consistently strong financial operations and reserves, historically conservative fiscal policies, which have been well adhered to, and ample tax rate flexibility,' said Standard & Poor's credit analyst Danielle Leonardis. The 'AA+' rating also reflects wealth and income levels that are above average and...
Companies mentioned in this report are: Calvert Cnty
Action: New Rating
Action: Outlook: Stable
Action: Upgraded
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