Summary: Washington Cnty, MD; General Obligation, Local GO - S&P Global Ratings’ Credit Research

Summary: Washington Cnty, MD; General Obligation, Local GO

Summary: Washington Cnty, MD; General Obligation, Local GO - S&P Global Ratings’ Credit Research
Summary: Washington Cnty, MD; General Obligation, Local GO
Published Jun 03, 1999
Published Jun 03, 1999
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Abstract:

The rating on Washington County, Md.'s bonds reflects a full faith and credit pledge. Other factors include: A limited economic base, Steady tax base growth, Sound finances, and A moderate debt burden. The county is located in western Maryland, bordering Pennsylvania and West Virginia. The county has a limited employment base, primarily focused in the services and trade sectors. Some new county employers include Staples and Prime Outlets, while existing business have expanded. Moderate economic expansion has offset the closure of Fort Ritchie in 1998, which eliminated 2,000 military and civilian positions; 900 positions were transferred to nearby Fort Detrick in neighboring Frederick County. The county's tax base has grown to $2.59 billion and a below-average per capita market value

  
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Summary

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Sector
Global Issuers, Public Finance
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Region
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Washington Cnty, MD; General Obligation, Local GO" Jun 03, 1999. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Washington-Cnty-MD-General-Obligation-Local-GO-106521>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Washington Cnty, MD; General Obligation, Local GO Jun 03, 1999. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Washington-Cnty-MD-General-Obligation-Local-GO-106521>
  
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