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Calvert County, MD, GO Debt Outlook Revised To Positive From Stable; 'AA+' Rating Affirmed May 10
Standard & Poors, May 2010
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) May 11, 2010--Standard & Poor's Ratings Services has revised its outlook on Calvert County, Md.'s general obligation (GO) debt outstanding to positive from stable. At the same time, Standard & Poor's affirmed its 'AA+' long-term rating on the debt. Standard & Poor's also assigned its 'AA+' long-term rating, with a positive outlook, to the county's $21.3 million (GO) consolidated public improvement and refunding bonds, 2010 series (tax-exempt), and consolidated public improvement bonds, 2010 series (taxable Build America Bonds). 'In our opinion, the 'AA+' rating reflects the county's expanding local economy, strong income and property wealth levels, historically low unemployment, steady tax base growth, strong financial position, and low debt burden,' said Standard & Poor's credit...
Companies mentioned in this report are: Calvert Cnty
Action: Affirmed
Action: Outlook: Positive
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