Summary: Prince George?s County, Maryland; Appropriations; General Obligation; Moral Obligation Sep 11

Standard & Poors, September 2011

Abstract
Standard & Poor's Ratings Services assigned its 'AAA' long-term rating and stable outlook to Prince George?s County, Md.'s series 2011A and 2011B general obligation (GO) consolidated public improvement and refunding bonds. Standard & Poor's also affirmed its 'AAA' long-term rating and underlying rating (SPUR), with a stable outlook, on the county's GO debt and its 'AA+' long-term rating and SPUR, with a stable outlook, on the county's appropriation debt. The 'AAA' rating reflects our view of the county's: Vibrant and continually diversifying local economic base with steady growth trends and participation in the Washington metropolitan area economy; Large, very diverse property tax base that has begun to experience declines due to the economic downturn; Still-strong finances -- even as the...

Companies mentioned in this report are: Prince George's Cnty,Maryland Natl Cap Pk & Planning Comm,Maryland Transp Auth,Prince George's Cnty Indl Dev Auth,Maryland Local Govt Ins Trust
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 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.

Prince George's Cnty,Maryland Natl Cap Pk & Planning Comm,Maryland Transp Auth,Prince George's Cnty Indl Dev Auth,Maryland Local Govt Ins Trust

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