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Summary: Maryland; General Obligation Nov 09

  • ID: 1886611
  • November 2009
  • Region: Maryland
  • Standard & Poors
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Abstract
Standard & Poor's Ratings Services assigned its 'AAA' long-term rating, and stable outlook, to the state of Maryland's general obligation (GO) bonds (Qualified School Construction Bonds Series 2009 and Qualified Zone Academy Bonds of Series 2009). Standard & Poor's credit ratings do not address the tax credit component of this issue. 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...

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 READ MORE >

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Maryland

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