County Maintains Key Credit Rating

[THE GAZETTE] Prince George’s County has again earned the highest possible grade by one of the top three Wall Street ratings firms. In a report issued last Monday, officials for Moody’s Investors Service upgraded the county from AA+ to the AAA bond rating, the highest score possible. The rating, which is the county’s equivalent of a perfect credit score, allows the government to pay lower interest rates on bonds it sells to finance major construction.

In this year’s round of ratings, Moody’s analysts said the county has made significant gains in its $106.5 billion tax base since 2000 and said that, despite a resident-imposed cap on property tax increases, Prince George’s is currently looking more financially stable than its neighbors.

Read more about the rating from this article in The Gazette.



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