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Baltimore Mayor & City Council, Maryland Baltimore; General Obligation, Local GO May 98
Standard & Poors, May 1998
Abstract
Carnegie Morgan Partners The rating on Baltimore Mayor and City Council, Md.'s bonds, issued for Baltimore, reflects the city's: Large, diverse tax base experiencing steady economic recovery from the last downturn; Strong debt and fiscal management; Sound financial performance; and Manageable debt burden. These are offset by declining population trends and slow assessed value growth. While most of the region has slowly rebounded from the last economic downturn, the city is now participating in the recovery. Despite consolidation amongst regional banking firms and defense contractors, the city successfully kept several regional firms in the city. Population continues to decline by an average 1.3% annually since 1990 to 669,900 in 1997. The tax base has almost reached its peak, which was...
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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