Summary: Baltimore Mayor & City Council, Maryland; Water/Sewer May 11
- ID: 1787553
- May 2011
- Region: Maryland
- Standard & Poors
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: New Rating
Action: Outlook: Stable
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >