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
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