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PRINCE GEORGE'S COUNTY (MD) 'AA-' GENERAL OBLIGATION BONDS OFF FITCHALERT -- FITCH FINANCIAL WIRE --

 PRINCE GEORGE'S COUNTY (MD) 'AA-' GENERAL OBLIGATION BONDS OFF
 FITCHALERT -- FITCH FINANCIAL WIRE --
 NEW YORK, Nov. 5 /PRNewswire/ -- The 'AA-' general obligation bonds of Prince George's County, Maryland, and the Series 1992 bonds issued for the county by the Maryland Local Government Insurance Trust, are removed from FitchAlert. They were placed on alert with negative implications on Oct. 7 due to a proposed property tax limit on the Nov. 3 ballot. The limit was not approved.
 The measure would have amended the current county charter property tax rate limitation by restricting property tax revenue growth, including that due to new construction, to the lesser of 5 percent or the area consumer price index increase. The credit trend is stable.
 -0- 11/5/92
 /CONTACT: Richard Raphael, 212-908-0506, or Colleen Woodell, 212-908-0507, both of Fitch/ CO: Prince George's County ST: Maryland IN: SU: RTG


WB -- NY056 -- 3035 11/05/92 11:17 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 5, 1992
Words:152
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