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Finance briefing: Moody's downgrade tied to liquidity; county outlines plans to improve reserves
Summary
County finance staff briefed the council on debt-service drivers, reserves versus liquidity and the county's credit rating, noting a 2025 downgrade from AAA to AA+ tied to liquidity measures; staff described reserves, policy targets, and plans to improve liquidity over several years.
Prince George's County finance officials presented a briefing on debt service drivers, reserves and liquidity, and discussed the county's credit rating and what it means for borrowing costs.
Director Fair (Office of Finance) told the council annual debt service reflects principal and interest on outstanding bonds and is driven by capital program size, interest rates and issuance timing. He said the county has been "increasing our debt by 6% annually" from 2018 to 2027 (presentation comments). Staff explained the county maintains policy reserves equal…
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