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Summary: Prince George?s County, Maryland; General Obligation Sep 09

  • ID: 1921398
  • September 2009
  • Region: Maryland
  • Standard & Poors
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Abstract
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: Affirmed
Action: New Rating
Action: Outlook: Stable

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's READ MORE >

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Prince George's Cnty

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