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Baltimore, MD's Taxable Cons Pub Imp V/R Bnds and Cons Pub Imp Proj & Rfdg V/R Bnds Rated 'A+' Jun 01
Standard & Poors, June 2001
Abstract
NEW YORK (Standard & Poor's CreditWire) June 14, 2001-Standard & Poor's today assigned its single-'A'-plus rating to Baltimore, Md.'s $8.8 million taxable consolidated public improvement variable-rate bonds series 2001B due Oct. 1, 2013, and $43.2 million consolidated public improvement project and refunding variable-rate bonds series 2001A due Oct. 1, 2022. The bonds are scheduled to sell June 22, 2001. The outlook is stable. The single-'A'-plus rating reflects: -- Participation in a regional economy that includes Baltimore County, -- Sound financial performance and strong debt management, and -- A manageable debt burden. The bonds are secured by the city's full faith and credit tax pledge. Baltimore is the largest city in Maryland and participates in a strong regional economy. Income and...
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: 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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