Prince George's County, Maryland; Appropriation, Appropriations; Tax Secured, General Obligation Nov 04

Standard & Poors, November 2004

Abstract
The 'AA' standard long-term rating and Standard & Poor's underlying rating (SPUR) on Prince George's County, Md.'s GO consolidated public improvement refunding series 2004 bonds, and outstanding GO bonds reflects: A substantial and diversifying local economic base with steady growth trends and participation in the Washington, D.C. metropolitan area economy; Continued strong financial operations; A large tax base that has increased at a modest rate and that exhibits no taxpayer concentration; and A low debt burden with faster-than-average amortization. These factors are tempered by a real property levy limit, wealth levels that are only near the state average, and a large $1.4 billion, five-year capital improvement plan (CIP) that is expected to be largely financed by future debt. The refunding...

Companies mentioned in this report are: Prince George's Cnty,Washington Suburban Sanitary Dist,Maryland Local Govt Ins Trust
Action: New Rating

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 creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Full Analysis

Prince George's Cnty,Washington Suburban Sanitary Dist,Maryland Local Govt Ins Trust

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