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Summary: Baltimore Mayor & City Council, Maryland; Appropriations; General Obligation May 11
Standard & Poors, May 2011
Standard & Poor's Ratings Services assigned its 'AA-' long-term rating, and stable outlook, to Baltimore Mayor & City Council, Md.'s series 2011A general obligation (GO) bonds and series 2011B consolidated public improvement bonds and affirmed its 'AA-' long-term rating and underlying rating (SPUR), with a stable outlook, on the city's existing GO debt. Standard & Poor's also affirmed its 'A+' long-term rating, with a stable outlook, on the city's appropriation-backed debt. The rating reflects our opinion of the city's: Steady trend of economic expansion that has expanded and diversified the city's property tax base and improved its demographic profile; Strong financial and debt management policies, which have contributed to the city's increased financial reserves and flexibility; and Low-to-moderate debt levels...
Companies mentioned in this report are: Baltimore Mayor & City Council
Action: New Rating
Action: Outlook: Stable
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Baltimore Mayor & City Council