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Summary: Washington Cnty, MD; Tax Secured, General Obligation Jan 03
Standard & Poors, January 2003
The 'A+' rating on Washington County, Md.'s public improvement bonds series 2003 reflects: A stable economic base, Healthy tax base growth, Good financial performance bolstered by a budget stabilization fund, and A moderate debt burden. Tempering factors include ongoing transfers from the general fund to the water and sewer utility fund and below-average wealth indicators. The bonds are secured by the full faith and credit pledge of the county. The bulk ($5.0 million) of series 2003 bond proceeds will be used to fund school-related projects. The remaining proceeds will be used to fund solid waste projects and other various projects. The rural county is in western Maryland, bordering Pennsylvania and West Virginia. The county's population totals 133,197. The county has...
Companies mentioned in this report are:
- Washington Cnty
Action: New Rating
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- Washington Cnty