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Baltimore, Maryland; Tax Secured, General Obligation Jun 01
Standard & Poors, June 2001
Abstract
The 'A+' rating on Baltimore, Md.'s bonds reflects: Participation in a regional economy that includes Baltimore County, Sound financial performance and strong debt management, and A manageable debt burden. The bonds are secured by the city's full faith and credit tax pledge. Baltimore is the largest city in Maryland and participates in a strong regional economy. Income and unemployment indicators are strengthening as the local economy continues a slow expansion. Johns Hopkins University, the University of Maryland, and Loyola University are stable anchors of the local economy, supplying professional and wage employment and business partnerships. Redevelopment that has occurred in the city, or is in the process of occurring, is favorably affecting the $8.5 billion tax base assessed valuation (AV)....
Companies mentioned in this report are: Baltimore Mayor & City Council
Action: New Rating
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: Full Analysis
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