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Baltimore Mayor and City Council, Maryland; General Obligation May 07
Standard & Poors, May 2007
Abstract
Standard & Poor's Ratings Services raised its rating on Baltimore Mayor and City Council, Md.'s GO debt to 'AA-' from 'A+' based on a steady trend of economic growth that has expanded the city's tax base and improved its demographic profile. These favorable economic trends have also had a positive effect on the city's revenues and reserve levels. At the same time, Standard & Poor's assigned its 'AA-' rating to the city's new taxable (series 2007A) and tax-exempt (series 2007B) GO consolidated public improvement bonds. The recent financial stability of the Baltimore City public schools has allowed the city to focus resources on improving reserves and addressing its capital requirements and other long-term liabilities, which should position the city well...
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
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