- Language: English
- Published: February 2012
- Region: Maryland
Summary: Maryland; Tax Secured, General Obligation Oct 04
- Published: October 2004
- Region: Maryland
- Standard & Poors
Maryland's $586.49 million GO refunding bonds have been rated 'AAA'. The 'AAA' rating on the state's outstanding GO debt has been affirmed. The rating reflects: A long history of balanced budgets and sound liquidity, including fiscals 2003-2005, with some reliance on onetime revenues; Historically sound financial management and performance that led to the build up of a "rainy day" reserve through fiscal 2001--although reserves were tapped, the stabilization fund was not reduced below 5% of revenues through fiscal 2004; A diverse broad-based economy that has performed well above average due to a large and expanding federal government presence; High wealth and income levels, and unemployment that remains below the national average through economic cycles; and A manageable debt burden enhanced...
Companies mentioned in this report are:
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.
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. SHOW LESS READ MORE >