Prince George’s County Executive Angela Alsobrooks today announced that the three major bond rating agencies affirmed the County’s AAA bond rating. The ratings from Fitch, Moody’s, and Standard & Poor’s keep borrowing costs low for capital projects and reflect the County’s sound fiscal policies, prudent long-range planning, and economic stability.
According to County Executive Alsobrooks:
Despite the economic challenges we are experiencing, including a loss of $130 million in revenue heading into Fiscal Year 2021, our continued sound financial policies have allowed us to maintain our ability to manage our obligations in a fiscally responsible way.
Prince George’s County remains the economic engine in the state and region and these ratings show us what we already know, that the coronavirus will not have the final say and we will emerge from this crisis stronger than ever.