Summary: Montgomery Cnty, MD; General Obligation, Local GO Apr 98

Standard & Poors, April 1998

Abstract
The rating on Montgomery County, Md.'s bonds reflects: A strong and diversified economic base, Very high per capita wealth levels, A strong and well managed financial position, and A moderate debt. The county is the second-largest suburban employment center within the northern Washington, D.C. metropolitan area. It is home to 19 federal agencies as well as several high technology and service sector private employers. While the federal government continues to downsize, the impact on county employment has been minimal, and the county's unemployment rate remains low (2.7% in 1996), well below the state and national averages. Per capita money income indicators remain the highest in the state and exceed the national average by 60%. The recessionary period of the early...

Companies mentioned in this report are:
- Montgomery Cnty

Action: New Rating

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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

- Montgomery Cnty

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