- Language: English
- 128 Pages
- Published: January 2012
- Region: Global, United States
Summary: Frederick County, Maryland; General Obligation May 07
- Published: May 2007
- Region: Maryland
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA' rating, and stable outlook, to Frederick County, Md.'s series 2007 GO public facilities refunding bonds. The rating reflects the county's: Location and participation in the broader Washington, D.C., MSA, as well as the county's own ongoing growth and diversification; Large and diverse tax base that has been growing at a healthy pace; Good financial operations and position, with strong general fund balances coupled with established fiscal policies; and Moderate and manageable debt burden, with faster-than-average amortization. These factors are partly tempered by a large $724.8 million six-year capital improvement plan (CIP). The CIP is comprehensive in scope, addressing general government, schools, water and wastewater, and solid waste projects. The bonds are secured...
Companies mentioned in this report are:
- Frederick Cnty
Action: New Rating
Action: Outlook: Stable
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- Frederick Cnty