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Summary: Charles Cnty, MD; Tax Secured, General Obligation Mar 06
Standard & Poors, March 2006
The 'AA' rating on Charles County, Md.'s GO bonds series 2006 and GO bonds outstanding reflects: A local economy, stabilized by U.S. Navy operations and military-related services, that participates in the regional economy of the outer Washington, D.C., area; Above-average wealth levels and a low unemployment rate; Steady and consistent tax base growth along with no taxpayer concentration; Continued strong financial operations; and A low debt burden with a manageable capital improvement plan (CIP). The series 2006 bonds are secured by the county's full faith and credit GO pledge. Bond proceeds will be used to fund various capital projects, including $22.8 million for school-related projects. Charles County is located on the southern Maryland peninsula between the Patuxent and Potomac rivers....
Companies mentioned in this report are:
- Charles Cnty
Action: New Rating
Action: Outlook: Stable
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- Charles Cnty