County’s credit remains intact

Thu, 11 Aug 2011 05:01:17 +0100

As tremors from the recent budget battle on Capitol Hill continue to afflict local economies across the country, Prince George's County is among those facing further financial uncertainty with possible risks to its credit rating.

Moody's Investors Service, one of the top three credit rating agencies along with Standard & Poor's and Fitch Ratings, has placed the county's AAA credit rating on negative outlook, indicating an increased risk of downgrade over the next one to two years. A downgrade of Prince George's County could have ripple effects on county projects within College Park, such as those that would repair sidewalks or roads within the city.

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County’s credit remains intact