Summary: Prince George's County, Maryland; Appropriations; General Obligation; Moral Obligation Apr 12
- Language: English
- Published: April 2012
- Region: Maryland
The rating upgrade to 'AAA' from 'AA+' for Prince George's County, Md.'s outstanding general obligation bonds reflects the continued strength of the county's financial position through various economic cycles, generating consistent surpluses which have contributed to very strong reserve levels despite operating under various tax-rate constraints. The rating upgrade further reflects the ongoing and significant economic development occurring in the already extremely diverse and vibrant local economy. Other rating factors include: A substantial and continually diversifying economic base with steady growth trends and participation in the Washington, D.C., metropolitan area economy; A large $73.0 billion tax base that has increased at a healthy rate and exhibits no taxpayer concentration; Continued strong financial operations, even as the county has operated under...
Companies mentioned in this report are:
- Prince George's Cnty
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >