All Three Major Credit Agencies Reaffirm Prince William County’s Triple-AAA Bond Ratings

Prince William County has once again earned the highest possible bond ratings from Moody's Ratings, Fitch Ratings and S&P Global Ratings, reaffirming the county's strong financial position, responsible fiscal management and growing economy. 

Prince William County is among approximately 55 counties nationwide to hold the highest credit ratings from all three major agencies. 

"Sound financial management has long been a priority for the Board of County Supervisors, and this reaffirmation demonstrates the value of that commitment," said Deshundra Jefferson, Chair of the Board of County Supervisors. "By making thoughtful financial decisions, maintaining strong reserves and planning for the future, we are positioning Prince William County to meet the needs of our growing community while maintaining the fiscal discipline that our community expects." 

The highest possible bond ratings signal to investors that the county is financially stable and well-positioned to meet its financial obligations. Strong credit ratings also allow the county to borrow money at more favorable interest rates, reducing financing costs and helping taxpayer dollars go further when funding major capital projects. 

In reaffirming the ratings, the agencies cited the county's growing and increasingly diverse tax base, proximity to Washington, D.C., highly educated workforce and favorable economic conditions. The county's unemployment rate remains below state and national levels, while median household incomes are higher. 

The agencies also recognized the county's proactive financial management and sound fiscal policies. The county's Principles of Sound Financial Management guide decisions by the Board of County Supervisors, emphasizing adequate financial reserves, responsible budgeting, long-term planning and preparation for changing economic conditions. 

In their assessments, S&P Global highlighted the county's strong reserves and recently adopted higher fund balance target, while Moody's recognized its large and dynamic economy. Fitch cited the strength of the county's economic and demographic indicators, including employment, educational attainment and household income. 

"Earning the highest possible ratings from all three major credit agencies is a tremendous accomplishment, and it doesn't happen by accident," said County Executive Chris Shorter. "I want to recognize the Board of County Supervisors for their leadership and commitment to fiscal responsibility. I also want to thank our Finance team for the outstanding work they do every day to keep our county on solid financial footing. Their expertise, dedication and careful planning help ensure we can continue investing in the schools, infrastructure and services our residents depend on." 

The reaffirmations come as Prince William County prepares for a competitive bond sale on Nov. 10, 2026. Proceeds from the sale will support capital projects for Prince William County Public Schools.