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Summary: Maryland; General Obligation Nov 09 Product Image

Summary: Maryland; General Obligation Nov 09

  • Published: November 2009
  • Region: Maryland
  • Standard & Poors

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 READ MORE >

Maryland

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