[MLT] Summary: Prince George?s County, Maryland; Appropriations; General Obligation; Moral Obligation Sep 11
- Language: English
- Published: September 2011
- Region: Maryland
Standard & Poor's Ratings Services assigned its 'AAA' long-term rating, and stable outlook, to Prince George?s County, Md.'s series 2009A and 2009B general obligation (GO) public improvement bonds and affirmed its 'AAA' underlying rating (SPUR), with a stable outlook, on the county's existing GO debt. In our opinion, the ratings reflect the county's: Vibrant and continually diversifying local economic base with steady growth trends and participation in the Washington metropolitan area economy; Large $99.2 billion property tax base that has increased by a healthy rate and has exhibited no taxpayer concentration; Still-strong financial operations -- even as the county has operated under a real property tax levy limitation -- which will remain challenged in the near future as expenditures continue...
Companies mentioned in this report are: Prince George's Cnty
Action: New Rating
Action: Outlook: Stable
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Prince George's Cnty