Triple AAA Bond Rating Reaffirmed for Prince William County

Prince William County has once again received reaffirmation of the highest possible bond ratings, a triple AAA from Fitch Ratings, Standard & Poor’s Global Ratings and Moody’s Corporation, the three major credit rating agencies. The county is one of 54 counties in the country with triple AAA ratings, as of September 2025.  

Top ratings from the three rating agencies show that the county continues to demonstrate strong financial management, maintaining steady footing by carefully managing debt and responding effectively to demographic and economic measures that include unemployment rates, population trends, household incomes and educational attainment. 

For residents, these AAA ratings matter because they directly reduce the county’s borrowing costs when financing public projects. Lower interest rates save millions of taxpayer dollars each year, allowing more funding to be invested in community services. The ratings also strengthen the county’s reputation as a stable, well-managed community, making it more attractive to businesses and investors, which supports local job growth. 

Fitch Ratings found that the county is financially resilient based on the expectation that it will sustain reserves or savings at or above 10% of spending, providing flexibility in future budgets. 

Moody’s highlighted the county’s healthy economy, stable financial position and proximity to Washington, D.C., as factors driving consistent tax base growth, with resident income and wealth levels well above national medians. 

S&P Global noted the county’s economic strength, formal financial policies and commitment to balance as the foundation for its AAA rating. The agency pointed to cautious management practices, a growing tax base supported by data centers, access to employment hubs across the region, predictable operating performance and solid reserves. 

The stable outlook from all three agencies reflects the county’s long-standing fiscal discipline, proactive management, and a large, diverse and expanding economy. 

"I am thrilled to learn of the reaffirmation of the county’s triple AAA ratings,” said Chair At-Large of the Board of County Supervisors Deshundra Jefferson. “By following our Principles of Sound Management, we are able to make sound investments in our community’s future." 

"I appreciate the Board of County Supervisors commitment to strong financial stewardship and to our staff, especially in finance and budget, whose day-to-day excellence made this possible,” said County Executive Chris Shorter. “This rating means lower borrowing costs for the county, which translates directly into more resources to invest in infrastructure and services for our community.”