0 CHECKOUT

Summary: Maryland; General Obligation Jul 09

  • ID: 1887214
  • July 2009
  • Region: Maryland
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services has assigned its 'AAA' long-term rating to the State of Maryland's general obligation (GO) bonds series 2009A ($235 million), 2009B ($200 million), and 2009C ($50 million).At the same time, we affirmed our '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 issuance and the maintenance of...

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. READ MORE >

Note: Product cover images may vary from those shown

Maryland

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

PLEASE SELECT A FORMAT

  • Quick Help: This Credit Rating Report will be emailed to you.

HAVE A QUESTION?

If you have a more general question about our products please try our

FAQ SECTION

RELATED PRODUCTS

Our Clients

  • Fluidigm Corporation
  • Apple, Inc.
  • CEVA Santé Animale
  • Abbott Laboratories Ltd.
  • Merck Group
  • Allergan Inc.
  • Pfizer, Inc.