Harford County, Maryland; Tax Secured, General Obligation May 05
- ID: 2038594
- May 2005
- Region: Maryland
- Standard & Poors
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
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