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Baltimore County, Maryland; Appropriations; General Obligation Sep 06
Standard & Poors, Sep 2006
Abstract
The 'AAA' rating on Baltimore County, Md.'s metropolitan district (70th issue) bonds and series 2006 consolidated public improvement GO bonds reflects the county's: Deep and diverse economy; Conservative financial management and sound general fund liquidity; Clearly defined and prudent financial and debt management policies; Moderate-to-low overall debt burden, in light of a large capital improvement program (CIP). The metropolitan district (70th issue) bonds and the series 2006 bonds are secured by the county's full faith and credit GO pledge. Despite being secured by the county's GO pledge, water and sewer system revenues are expected to support metropolitan district debt service. Proceeds of the metropolitan district bonds will be used to finance new system capital projects ($50 million) and to redeem...
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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