Maryland?s Series 2011E Tax Exempt Refunding General Obligation Bonds Rated ?AAA?; Outlook Stable Sep 11

Standard & Poors, September 2011

Abstract
NEW YORK (Standard & Poor's) Sept. 8, 2011--Standard & Poor's Ratings Services assigned its 'AAA' long-term rating, and stable outlook, to Maryland's $227 million general obligation (GO) bonds, state and local facilities loan of 2011, second series E tax exempt refunding bonds. 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...

Companies mentioned in this report are: Maryland
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.

Maryland

Customers who bought this item also bought

• Poland Pre Primary Education Sector
• Poland Education Industry Outlook to 2016 - Opportunities and Reforms
• Global Education Industry Forecast to 2016 - Focus on Emerging Markets
• Philippines Defence and Security Report Q3 2010
• South Africa Defence and Security Report Q3 2011
• Argentina Infrastructure Report Q2 2012
• China Education Industry Outlook to 2012 - Evolving Hong Kong Higher Education Sector
• Ghana Infrastructure Report Q1 2012
• Turkey Defence and Security Report Q3 2010
• Turkey Infrastructure Report Q2 2012