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Summary: Baltimore Mayor & City Council, Maryland; Water/Sewer May 11

  • ID: 1787553
  • May 2011
  • Region: Maryland
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services has assigned its 'AA' long-term rating, and stable outlook, to Baltimore Mayor and City Council, Md.'s series 2011A water revenue bonds (water projects). At the same time, Standard & Poor's affirmed its 'AA' underlying rating (SPUR) on the city's senior-lien bonds and its 'AA-' SPUR on the city's subordinate-lien bonds outstanding. The rating reflects what we view as: The strength and continued expansion of the large regional utility system that provides water service to the deep and diverse Baltimore metropolitan statistical area (MSA); Sufficient long-term water supply and treatment capacity; Competitive rates and management's demonstrated willingness to increase rates as necessary; and Solid historical and estimated debt service coverage (DSC) and liquidity levels. In our...

Companies mentioned in this report are:
- Baltimore Mayor & City Council

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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- Baltimore Mayor & City Council

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