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Baltimore Mayor & City Council, Md.'s GO Bonds Rated 'A+'; Outlook Stable Mar 03
Standard & Poors, March 2003
Abstract
NEW YORK (Standard & Poor's) March 21, 2003-Standard & Poor's Ratings Services said it assigned its 'A+' rating to Baltimore Mayor and City Council, Md.'s $136.345 million GO consolidated public improvement refunding bonds series 2003A and 2003B, reflecting the city's participation in the deep and diverse Baltimore regional economy. The bonds are scheduled to sell on March 26. Standard & Poor's also affirmed its 'A+' rating and 'A+' underlying rating (SPUR) on Baltimore Mayor and City Council's outstanding general obligation, and its 'A' rating on the city's outstanding certificates of participation debt. Approximately $510 million of outstanding debt is affected. The outlook is stable. Other rating factors include good financial performance and position, aided by a budget stabilization fund, and...
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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