Despite facing significant a projected loss of $130 million in revenue heading into the next fiscal year at the end of June, major financial ratings agencies have maintained Prince George’s County’s triple-A bond rating.
The news was announced by Prince George’s County Executive Angela Alsobrooks June 15, 2020. According to the announcement, financial ratings agencies Fitch, Moody’s and Standard and Poors all gave top marks to the county.
A bond rating like a credit score for a government. A good bond rating, and a triple-A score is good, is helpful to have if you plan any major debt-financed projects because it gets you access to lower-interest loans.