Maryland; General Obligation Jul 07
- ID: 1886645
- July 2007
- Region: Maryland
- Standard & Poors
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:
Action: New Rating
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