MARYLAND

Prince George's County more financially stable than federal government

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UPPER MARLBORO, Md. (AP) - Prince George's County has retained its AAA bond rating from three ratings houses.

The Washington Post reports the ratings came from Fitch, Standard & Poor's and Moody's. The ratings indicate that the county's financial stability is seen as better than that of the federal government, whose credit rating was downgraded in August.

County Executive Rushern Baker said Thursday that it shows the ratings houses "have confidence with where we are going in county government."

The ratings, which are the highest possible, mean the county will be able to borrow money at lower interest rates than jurisdiction with lesser ratings.

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Information from: http://www.washingtonpost.com

 

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