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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

  • ID: 1886450
  • 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

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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

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