Maricopa, AZ GO Bond Rating Raised To #AA-# On Improved Economy, Anticipated Ongoing Growth

Stocks and Financial Services Press Releases Tuesday March 20, 2018 09:57
SAN FRANCISCO--20 Mar--S&P Global Ratings
SAN FRANCISCO (S&P Global Ratings) March 19, 2018--S&P Global Ratings raised its long-term rating to 'AA-' from 'A+' on Maricopa, Ariz.'s existing general obligation (GO) bonds. The outlook is stable.

"The raised rating reflects our view of the city's improved local economy, with expectations for the economic base to continue to grow through our two-year outlook horizon," said S&P Global Ratings credit analyst Cody Nelson. "The stable outlook reflects our view of the city's growing local economy, which we consider broad and diverse, albeit tempered by below-average per capita market values," Mr. Nelson added.

"We do not anticipate changing the rating during our two-year outlook horizon," Mr. Nelson said.
The relatively young Maricopa is located 15 miles south of downtown Phoenix and was incorporated in 2003.

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