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Maryland's Series 2011 General Obligation Bonds Rated ?AAA?; Outlook Stable Feb 11 Product Image

Maryland's Series 2011 General Obligation Bonds Rated ?AAA?; Outlook Stable Feb 11

  • Published: February 2011
  • Region: Maryland
  • Standard & Poors

Abstract
NEW YORK (Standard & Poor's) Feb. 22, 2011--Standard & Poor's Ratings Services assigned its 'AAA' long-term rating, and stable outlook, to Maryland's $485 million general obligation (GO) bonds, state and local facilities loan of 2011, first series. At the same time, Standard & Poor's affirmed its 'AAA' long-term rating on Maryland's parity GO debt outstanding. The outlook is stable. The rating reflects what we view as the state's: Diverse, broad-based economy, which has historically outperformed the national economy; Strong wealth and income levels, coupled with unemployment that remains below the national average through economic cycles; Long history of prudent fiscal management, including making difficult decisions to restore structural budget balance; and Moderate debt burden; enhancing this are a clearly defined...

Companies mentioned in this report are:
- Maryland

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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