With its Triple A rating, Prince George’s sees little ripple effect from Detroit’s bankruptcy

As local governments watch the saga in Detroit unfold, they are mulling the ripple effect on their own bond sales. In Prince George’s County, one of a handful of jurisdictions with the coveted Triple A bond rating, the county’s chief administrative officer said he thought the impact would be minimal.

And, said Bradford L. Seamon, the top aide to Prince George’s County Executive Rushern L. Baker III (D), there even could be a silver fiscal lining.

Transition proves tricky for new Annapolis mayor

Mike Pantelides has encountered friction over personnel changes and plans to cut spending.

Labor group sides with Braveboy for Md. attorney general

A Washington-area building trades organization has endorsed the Prince George’s delegate.

Md. lawmaker Darren Swain counters allegations

Md. lawmaker Darren Swain counters allegations

In police reports, suspects claim Del. Darren Swain used drugs with them.

More news about Md. politics

“It is possible that you might get more interest in the higher rated localities. But we don’t have any fantasy that they [investors, Wall Street, bond houses, etc.] won’t raise an eye,” Seamon said.

“It is not a good thing. We understand that,” he said.

Prince George’s has about $800 million in bond debt

Seamon said that even when U.S. debt was downgraded by Wall Street, “we did not get an indirect effect, and the federal government [debt] is supposed to be stronger than us.

 
Read what others are saying