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Summary: Prince George's County, Maryland; General Obligation Jun 08

  • ID: 1921428
  • June 2008
  • Region: Maryland
  • Standard & Poors

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

Action: Upgraded

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- Prince George's Cnty

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