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Harford County, Maryland; Tax Secured, General Obligation May 05

  • ID: 2038594
  • May 2005
  • Region: Maryland
  • Standard & Poors
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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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Research Type: Full Analysis

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- Harford Cnty

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