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
Action: New Rating
Action: Outlook: Stable
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