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Fitch Ratings
Fitch Rates Maryland's $415MM GOs 'AAA'; Outlook Stable
August 3rd, 2008
Fitch Ratings has assigned an 'AAA' rating to the State of Maryland's (the state) $415 million general obligation (GO) bonds, state and local facilities loan of 2008, second series. The bonds will sell competitively on or about July 16 and mature serially July 15, 2011-2023 (callable beginning July 15, 2018). Fitch has also affirmed the 'AAA' rating on the state's $5.5 billion in outstanding GO bonds. The Rating Outlook is Stable. The 'AAA' rating reflects the state's sound financial operations, wealthy, diversified economy, and policies keeping debt within affordability guidelines. Economic growth in recent years allowed the state to build balances while addressing...
Source: Pharma Investments, Ventures & Law Weekly (2008-08-03)
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