Charles County, MD GOs Rated 'AA' , Outlook Revised to Stable Feb 99
- ID: 1831107
- February 1999
- Standard & Poors
NEW YORK (Standard & Poor's CreditWire) Feb. 12, 1999 -– Standard & Poor's today assigned its double-'A' rating to Charles County, Md.'s $8 million GO bonds dated Feb. 15, 1999 due Feb. 1, 2014. The bonds are scheduled to sell Feb. 17, 1999. At the same time, Standard & Poor's raised its rating on the county's outstanding parity GO debt to double-'A' from double-'A'-minus. The outlook was revised to stable from positive. The upgrade reflects the continued expansion of the local economic base, the county's consistently strong financial performance and position, and a moderate debt burden. The security for the county's general obligation debt is its full faith and general obligation credit pledge. Other rating characteristics include access to the...
Companies mentioned in this report are:
- Charles Cnty
Action: Various Rating Actions
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Research type: News
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