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
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.