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Baltimore Mayor and City Council, Maryland; General Obligation May 06
Standard & Poors, May 2006
Standard & Poor's Ratings Services revised its GO rating outlook on Baltimore Mayor and City Council, Md. to positive from stable based on an improving demographic profile highlighted by a stabilizing population, increasing wealth levels, and reduced unemployment; coupled with the improved fiscal position of the city's school system. At the same time, Standard & Poor's assigned its 'A+' rating to Baltimore Mayor and City Council's taxable and tax-exempt GO consolidated public improvement bonds series 2006A and B and affirmed Baltimore's 'A+' GO debt rating. The rating reflects the city's: Participation in a deep and diverse regional economy; Strong financial performance and position, aided by a budget stabilization fund and multiyear forecasting; Large and diverse tax base that has exhibited...
Companies mentioned in this report are: Baltimore Mayor & City Council
Action: New Rating
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Research Type: Full Analysis
Baltimore Mayor & City Council