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Prince George’s County Executive Angela Alsobrooks announced on May 29 that Fitch, one of the three financial ratings agencies, has maintained the county’s triple-A bond rating and stable economic outlook.

The ratings have also been removed from Under Criteria Observation.

“We are very pleased that Fitch has once again maintained our triple-A rating,” said Alsobrooks in a statement. “Despite our challenges with this year’s budget cycle, this rating is the latest sign that we have fought to maintain the fiscal health of the county. We have made tough choices but have kept our commitment to making the types of investments that will strengthen our county in the long run, and we will continue moving forward with our economic growth strategy and fiscal discipline in our budget so we can maintain our county’s stable economic outlook.”

Fitch cited “the rating reflects the county’s historically strong operating performance supporting its ‘AAA’ financial resilience assessment.”

“The ‘AAA’ assessment reflects a ‘high midrange’ level of budgetary flexibility and Fitch’s expectation that reserves will be maintained at or above 10% of spending (compared to the current 33%).”

Alsobrooks said the triple-A bond rating announcement was timely in that she will deliver the county’s State of the Economy address on June 13.