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Summary: Frederick City, MD; Tax Secured, General Obligation Aug 01
Standard & Poors, August 2001
The 'AA-' rating on Frederick City, Md.'s general improvement and refunding bonds and airport improvement bonds reflects: An expanding and diverse local economy, which is an important aspect of the county and regional economy; Sound financial operations and generous reserve balances; and A moderate debt burden. Frederick City is in central Frederick County and has access to interstates 270 and 70, which are connectors to the regional economy surrounding Washington, D.C. The city is the focal point of commercial development and new investment, which is demonstrated by steadily increasing building permit data. Building permit activity made an impressive 22% jump between 2000 and 2001, bringing the total to $283 million; the permit activity is just about evenly divided between residential...
Companies mentioned in this report are: Frederick City
Action: New Rating
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