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Baltimore County, Maryland; Tax Secured, General Obligation Jun 01
Standard & Poors, June 2001
Abstract
The 'AAA' ratings on Baltimore County, Md. and Baltimore County Metropolitan District, Md.'s bonds, issued for the county, reflect: A deep and diverse economic base; Solid assessed valuation (AV) growth; Strong financial position and performance; A significant six-year capital improvement program (CIP) totaling $1.43 billion, which is expected to be manageable; and A moderate debt burden. The bonds are GO bonds secured by the full faith and credit of the county. The metropolitan district's $98 million bonds will be used to redeem outstanding BANs that had been used to fund water and sewer projects. The county's $27 million consolidated public improvement bonds will be used to redeem outstanding BANs that had been used to fund public works projects. Baltimore County...
Companies mentioned in this report are: Baltimore Cnty
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
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