TITLE

S&P Raises Prince George's County, Md., to AA-Plus Ahead of $113M Sale

AUTHOR(S)
Ackerman, Andrew
PUB. DATE
May 2006
SOURCE
Bond Buyer;5/19/2006, Vol. 356 Issue 32385, p31
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Standard & Poor's Ratings Services has upgraded the rating of Prince George's County, Maryland. The rating has been enhanced to AA-plus from AA, ahead of the issuer's competitive sale of $113.2 million in general obligation bonds. Standard & Poor's also showered praises on Prince George's administrator, Jack B. Johnsoll, for his ability to manage expenditures. The county will require to sustain its strong financial operations and adherence to good management practices in order to maintain its rating.
ACCESSION #
21005010

 

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