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Community Connections: Triple-A Bond Rating, Food Distribution

Prince George’s County Maintains Coveted Triple-A Bond Rating Despite Economic Challenges of COVID-19 Pandemic

Dear Prince Georgians,

I am excited to announce that Prince George’s County continues to maintain a triple-A bond rating. All three financial ratings agencies, Fitch, Moody’s and Standard and Poor’s, recently provided their yearly evaluations and have given the County another triple-A bond rating. So far, we have received a triple-A bond rating during every year of my administration. Although this past year has been a difficult one for the County, I am proud to affirm we are still a fiscally sound government.

We are also exceptionally pleased with the reasons behind the high ratings from the financial institutions. Overall, the County’s strong, broad and diverse economy, along with its “very strong” management and well-established policies and practices, contributed to the triple-A rating, despite the COVID-19 pandemic.

In their report, Fitch cited, “the County\’s operating performance, which features a high capacity to manage operational and budgetary risks through the current coronavirus pandemic and future economic cycles, expectations for solid post-pandemic revenue growth underpinned by the County\’s economic and demographic profile and high independent revenue-raising authority.”

Moody’s report cited, “The County\’s financial position will remain stable given the recent growth trend in the tax base which will likely continue due to ongoing commercial and residential development.” 

I want to thank everyone in County Government who has worked tirelessly to combat this pandemic that has had a devastating impact on our community. I also want to thank Prince Georgians for staying strong and working together to keep each other safe over this past year. As we continue to move forward with our steady economic recovery, this triple-A rating is the latest sign that we will recover from this pandemic stronger than we’ve ever been before.

Yours in Service,

Angela Alsobrooks

Prince George’s County Executive

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Stand Up & Deliver

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We are continuing to work hard to address food insecurity in our County, and we want to provide information on upcoming distribution locations for our Stand Up & Deliver program. 

Wednesday, May 26 at 10:00 AM (Groceries)

  • Maple Spring Baptist Church – 4313 Belt Road, Capitol Heights, MD 
  • Templeton Elementary School – 6001 Carters Lane, Riverdale, MD 
  • Langley Park-McCormick Elementary School – 8201 15th Avenue, Adelphi, MD 

Saturday, May 29 at 10:00 AM (Groceries)

  • First Baptist Church of Highland Park – 6801 Sheriff Road, Landover, MD
  • New Home Baptist Church – 8320 Landover Road, Landover, MD

Sunday, May 30 at 10:00 AM (Groceries)

  • Community of Hope AME Church – 3701 Branch Avenue, Temple Hills, MD

Additional food distribution locations can be found on our website by clicking here. This map is updated regularly. If you are able to make a contribution to our Stand Up & Deliver program, please click here to donate.

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