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Montgomery County, Maryland; Appropriations; CP; General Obligation; Moral Obligation Jul 11 Product Image

Montgomery County, Maryland; Appropriations; CP; General Obligation; Moral Obligation Jul 11

  • ID: 1857175
  • July 2011
  • Region: Maryland
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AAA' long-term rating and stable outlook to Montgomery County, Md.'s series 2011A general obligation (GO) bonds and series 2011A GO refunding bonds. We also affirmed the 'AAA' rating on the county's outstanding GO debt. The ratings reflect our opinion of the county's: Diversified, resilient, and broad-based economy that is closely tied to the greater Washington, D.C., metropolitan area; Very strong income levels, coupled with a strong employment base and relatively low unemployment; Historically stable and diverse property tax base; Strong and well-embedded financial management practices that have aided management in proactively addressing continued budget stresses and revenue shortfalls; Improved financial position in fiscal 2011, based on unaudited numbers, with significant increases in general...

Companies mentioned in this report are:
- Montgomery Cnty

Action: New Rating

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: Full Analysis

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