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HARFORD COUNTY (MD.) $6.6 MILLION GENERAL OBLIGATION REFUNDING BONDS RATED 'AA-' BY FITCH -- FITCH FINANCIAL WIRE --

 HARFORD COUNTY (MD.) $6.6 MILLION GENERAL OBLIGATION REFUNDING BONDS
 RATED 'AA-' BY FITCH -- FITCH FINANCIAL WIRE --
 NEW YORK, July 29 /PRNewswire/ -- Harford County (Md.)'s $6.6 million general obligation refunding bonds, Series 1992 are rated 'AA-' by Fitch. The bonds are selling competitively on Aug. 4. The credit trend is stable.
 Harford County continues to take actions to diversify its economy; private sector job growth was strong in the 1980s. The county has been successful in attracting several prominent manufacturing and regional distribution firms in recent years. Despite these diversification efforts, a concentration in military-related and government employment remains. The U.S. Army's Aberdeen Proving Ground, the county's dominant employer, may grow slightly over the next several years as a result of other military base consolidations.
 Favorable geographic location, easy transportation access, relatively low-cost housing, and land availability, among other factors, should result in continued moderate population growth and development. The recession has affected resident employment relatively recently, and the county has performed better financially than many other counties in the state and region. Although debt levels are low, capital needs are substantial. Strong administrative and financial management and planning provide the basis for managed growth.
 -0- 7/29/92
 /CONTACT: Stewart Simon of Fitch, 212-908-0508/ CO: Harford County, Md. ST: Maryland IN: SU: RTG


PS -- NY071 -- 4623 07/29/92 12:45 EDT
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Publication:PR Newswire
Date:Jul 29, 1992
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