The Washington Post

Pr. George’s retains AAA bond rating

Prince George’s County has retained its AAA bond rating from three ratings houses that examine local government finances.

County Executive Rushern L. Baker III (D) on Thursday called the ratings “great news. It shows they have confidence with where we are going in county government.”

The ratings are from Fitch, Standard & Poor’s and Moody’s. They also indicate that the county’s financial stability is viewed as better than that of the federal government, whose credit rating was downgraded following the August stalemate over government spending and the federal deficit.

For Prince George’s, the reaffirmation of the highest possible ratings means the county will be able to borrow money at lower interest rates than jurisdictions with lesser ratings. And that could be good news for county residents, who are enduring spending cutbacks in the nearly $2.7 billion county budget.

“We will be able to fund more services and programs,” county budget chief Tom Himler said.


Success! Check your inbox for details. You might also like:

Please enter a valid email address

See all newsletters

Show Comments
Most Read


Success! Check your inbox for details.

See all newsletters

Your Three. Videos curated for you.
Play Videos
What can babies teach students?
Unconventional warfare with a side of ale
A veteran finds healing on a dog sled
Play Videos
A fighter pilot helmet with 360 degrees of sky
Is fencing the answer to brain health?
Scenes from Brazil's Carajás Railway
Play Videos
How a hacker group came to Washington
The woman behind the Nats’ presidents ‘Star Wars’ makeover
How hackers can control your car from miles away
Play Videos
Philadelphia's real signature sandwich
Full disclosure: 3 bedrooms, 2 baths, 1 ghoul
Europe's migrant crisis, explained

To keep reading, please enter your email address.

You’ll also receive from The Washington Post:
  • A free 6-week digital subscription
  • Our daily newsletter in your inbox

Please enter a valid email address

I have read and agree to the Terms of Service and Privacy Policy.

Please indicate agreement.

Thank you.

Check your inbox. We’ve sent an email explaining how to set up an account and activate your free digital subscription.