During routine surveillance of the Columbia Association’s (CA) credit, Standard & Poor’s Financial Services LLC reaffirmed CA’s credit rating of AA with a stable outlook. Their rating is based on the strength of the security; income levels in Columbia and Howard County; positive operating results; and strong debt service coverage. As other rating agencies have also noted, CA benefits from its favorable location along the Baltimore-Washington corridor and Howard County’s superior wealth levels.
Earlier this year, Fitch Ratings affirmed CA’s $26.9 million outstanding senior secured bonds at ‘AA+’ with a stable outlook.
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