Summary: Maryland; General Obligation Jul 10
- ID: 1886683
- July 2010
- Region: Maryland
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AAA' long-term rating, and stable outlook, to the state of Maryland's $489.76 million general obligation (GO) bonds, state and local facilities loan of 2010, second series. 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 Low debt burden; enhancing this are a clearly defined debt-affordability model limiting annual...
Companies mentioned in this report are:
Action: New Rating
Action: Outlook: Stable
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