Maryland; General Obligation Jul 07
Standard & Poors, July 2007
Abstract
Standard & Poor's Ratings Services assigned its 'AAA' rating, and stable outlook, to Maryland's series 2007 GO bonds. At the same time, Standard & Poor's affirmed its 'AAA' rating, with a stable outlook, on the state's GO parity debt. The 'AAA' rating reflects the state's: Diverse, broad-based economy, which has historically outperformed the national economy and is projected to continue to grow over the near term, albeit at a reduced rate; High wealth and income levels, coupled with unemployment that remains below the national average through economic cycles; Historically strong financial management and performance, with strong liquidity and financial operations; and Moderate debt burden, enhanced by a clearly defined debt-affordability model, limiting annual issuance and maintaining ratios within reasonable limits,...
Companies mentioned in this report are: Maryland
Action: New Rating
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: Full Analysis
Maryland
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