Carroll's bond ratings remain high N.Y. appraisal means low interest

November 14, 1993|By Kerry O'Rourke | Kerry O'Rourke,Staff Writer

Carroll County has maintained its favorable ratings from two New York bond houses, Budget Director Steven D. Powell said (( Friday.

Moody's Investor Service Inc. gave the county an Aa rating, the bond house's second-highest grade.

Standard & Poor's gave the county an AA-, the second-highest )) rating from that firm but qualified with a minus sign. County officials had hoped the bond house would drop the minus sign.

Even so, Mr. Powell said, county officials are pleased with the ratings, which mean Carroll's bonds are of high quality and will carry low interest rates.

Two weeks ago, Commissioner Julia W. Gouge, Comptroller Eugene C. Curfman, administrative assistant Robert A. Bair and Mr. Powell met with representatives at the bond houses.

Carroll officials travel to New York annually to discuss the county's financial health.

The county expects to sell about $60 million in general obligation bonds to finance county projects this year.

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