|
|
 |
|
Viewing report
|
|
|
|
Baltimore Mayor & City Council, Maryland; Tax Secured, General Obligation Jun 04
Standard & Poors, June 2004
Abstract
The 'A+' rating on Baltimore Mayor and City Council, Md.'s GO consolidated public improvement bonds (tax-exempt and taxable), series 2004A and B, and outstanding GO bonds reflects the city's: Participation in a deep and diverse regional economy; Good financial performance and position, aided by a budget stabilization fund and multiyear forecasting; Large and diverse tax base that has exhibited modest growth over the past two fiscal years; and Moderate and manageable debt burden. These factors are mitigated by: A temporary reduction in general fund reserves due to the city providing a temporary $42 million loan to the Baltimore City Public School System (BCPSS); A gradual 11% decline in the city's population over the past decade; Wealth levels that are below...
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
|
|
|
|
