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Baltimore County Metropolitan District, Maryland Baltimore County; Tax Secured, General Obligation Sep 05
Standard & Poors, Sep 2005
Abstract
The 'AAA' rating on Baltimore County Metropolitan District, Md.'s BANs and GO bonds, issued for Baltimore County, reflects: A deep and diverse economic base; A large and diverse tax base, along with ongoing healthy tax base growth; Strong financial performance; A significant, yet manageable, six-year capital improvement program (CIP) totaling $1.4 billion; and A moderate debt burden, along with satisfactory amortization of outstanding principal. The bonds are secured by the county's full faith and credit GO pledge. The BANs are variable rate based on an auction rate that matures Oct. 4, 2035. The auction rate program does not require a liquidity facility. Baltimore County is situated in the geographic center of Maryland, almost entirely surrounding the city of Baltimore ('A+'...
Companies mentioned in this report are: Baltimore Cnty,Baltimore Cnty Metro Dist
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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