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HOWARD CO. (MD.) GENERAL OBLIGATION BONDS RATED 'AAA' BY FITCH -- FITCH FINANCIAL WIRE --

 HOWARD CO. (MD.) GENERAL OBLIGATION BONDS RATED 'AAA' BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, Jan. 15 /PRNewswire/ -- Howard County, Maryland's $40.4 million consolidated public improvement refunding bonds, Series 1992, to be offered for bids on Jan. 28, are rated 'AAA' by Fitch. The county's outstanding 'AAA' general obligation bonds are affirmed.
 Howard County's long-term economic prospects remain strong given its key location in the Baltimore-Washington corridor and the county's clearly defined goal of maintaining a high quality of life by carefully planning for and controlling growth. The county, like others in the state, is experiencing financial strain, but the magnitude of the problem is modest and, with the help of a tax rate increase at the start of the year and mid-year expenditure reductions, narrow balance should be achievable. Borrowing plans have been reduced, and debt levels remain easily manageable. The credit trend is stable.
 -0- 1/15/92 R
 /CONTACT: Colleen Woodell of Fitch, 212-908-0507/ CO: Howard County ST: Maryland IN: SU: RTG


CK -- NY064R -- 0178 01/15/92 16:29 EST
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Publication:PR Newswire
Date:Jan 15, 1992
Words:175
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