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Baltimore Mayor & City Council, Maryland; Appropriations; General Obligation May 10
Standard & Poors, May 2010
Abstract
Standard & Poor's Ratings Services assigned its 'AA-' long-term rating, and stable outlook, to Baltimore Mayor & City Council, Md.'s series 2010A general obligation (GO) bonds, 2010B consolidated public improvement bonds, and 2010C taxable Build America Bonds and its 'A+' long-term rating, and stable outlook, to the city's series 2010A refunding certificates of participation (COPs). Standard & Poor's also affirmed its 'AA-' long-term rating and underlying rating (SPUR), with a stable outlook, on the city's existing GO debt. In our opinion, the 'AA-' rating reflects our opinion of the city's: Steady trend of economic expansion that has expanded and diversified the city's property tax base and also improved its demographic profile; Strong financial and debt management policies, which have contributed...
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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