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Summary: Charles Cnty, MD; General Obligation, Local GO Feb 99

  • ID: 1832249
  • February 1999
  • Standard & Poors
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The upgrade on Charles County, Md.'s bonds 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 GO debt is its full faith and GO credit pledge. Other rating characteristics include access to the strong and diverse Washington, D.C. MSA and a manageable capital program. These strengths offset a taxpayer base that remains concentrated with two leading taxpayers--Potomac Electric Power Co. and the Southern Maryland Electric Cooperative--accounting for 12.6% of the tax base. Charles County (population 115,075), a 45 minute commute from Washington, D.C., benefits from a strong military presence, with the Naval Surface Warfare Center being the largest area employer (3,000 employees)....

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- Charles Cnty

Action: New Rating

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- Charles Cnty

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