Charles County, MD's Robust And Stable Economy, Consistently Strong Finances Raise GO Debt Rating To 'AA+' Feb 13
- Language: English
- Published: February 2013
The rating on Charles County, Md.'s bonds reflects: The benefit derived from the county's access to the strong and diverse Washington, D.C. area; An expanding local economic base; A consistently strong financial performance and position; A low debt burden with a rapid amortization schedule; and A manageable capital program. These strengths offset the risks posed by a concentrated taxpayer base with the leading two taxpayers, Potomac Electric Power Co. and the Southern Maryland Electric Cooperative, accounting for 13% of the tax base. The bonds are general obligations of the county and will be used to finance public buildings, facilities, and grounds in the county. Charles County is located in the Washington, D.C. MSA and has a population of 121,000. The...
Companies mentioned in this report are:
- Charles Cnty
Action: New Rating
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- Charles Cnty