Baltimore Mayor and City Council, Maryland; General Obligation May 06

Standard & Poors, May 2006

Abstract
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

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

Baltimore Mayor & City Council

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