Charles County, MD's Significant Reserve Drawdowns, Decreased Revenues Drive 'AA' GO Debt Rating Outlook To Stable Jun 11
- Language: English
- Published: June 2011
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...
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- Charles Cnty
Action: Various Rating Actions
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- Charles Cnty