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Baltimore County, Maryland; General Obligation Dec 07
Standard & Poors, Dec 2007
Abstract
Standard & Poor's Ratings Services assigned its 'AAA' rating, and stable outlook, to Baltimore County, Md.'s metropolitan district (71st issue) bonds and series 2008 consolidated public improvement GO bonds. The rating 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 county's full faith and credit GO pledge secures the metropolitan district (71st issue) bonds and the series 2008 bonds. Despite the security of the county's GO pledge, the county expects water and sewer system revenues to support metropolitan district debt service. The county will use proceeds of the metropolitan district bonds...
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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