The 'AA+' rating on Harford County, Md.'s consolidated public improvement bonds series 2005 reflects: A growing and diversifying local economy with employment in the federal government, R&D, and warehouse and distribution sectors, which benefits from access to Baltimore MSA employment base; Strong financial management practices and policies, including multiyear forecasting, debt affordability analysis, and a "rainy day" fund, which have contributed to historically strong financial performance along with tax-raising flexibility; Above-average and rising wealth indicators; and A low debt burden and manageable six-year capital improvement plan (CIP). The bonds are secured by the county's full faith and credit GO pledge. Proceeds from this issue will be used to construct a new middle/high school and library, renovate an existing high school,...
Companies mentioned in this report are:
- Harford Cnty
Action: New Rating
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