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
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