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Harford County, MD's GO Public Improvement Bonds Rated `AA'; Outlook Stable Jun 99 Product Image

Harford County, MD's GO Public Improvement Bonds Rated `AA'; Outlook Stable Jun 99

  • ID: 2038638
  • June 1999
  • Standard & Poors

Abstract
NEW YORK (Standard & Poor's CreditWire) June 2, 1999--Standard & Poor's today assigned its double-'A' rating to Harford County, Md.'s $16.6 million GO public improvement bonds series 1999 dated June 1, 1999, due Jan. 15, 2019. The bonds are scheduled to sell June 3, 1999. Additionally, Standard & Poor's raised its rating to double-'A' from double-'A'-minus on the county's $62.64 million GO bonds various series. Harford County's rating upgrade reflects successful economic development efforts, resulting in continued tax base growth, limited capital and debt needs despite the county's growth, and historically strong financial management. The bonds are secured by the county's full faith and credit GO pledge. Other rating factors include: -- A growing economy in the manufacturing sector coupled...

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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

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