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PRINCE GEORGE'S (COUNTY OF) MD - Moody's Research Report

CORRECTION TO HEADLINE & TEXT, APRIL 2, 2012 RELEASE: 'MOODY'S ASSIGNS Aa1 RATING AND NEGATIVE OUTLOOK TO PRINCE GEORGE'S COUNTY'S (MD) $33.4M CERTIFICATES OF PARTICIPATION (EQUIPMENT ACQUISITION PROGRAM), SERIES 2012 '.

Posted on: May 14, 2012, 4:50 pm

NEW YORK, May 14, 2012 --Revised par amount in headline and first sentence to $33.4 million. Replace last sentence of second paragraph: 'Of the current issue, $24 million of bond proceeds will fund the purchase of vehicles for police, fire/EMS and public works and equipment for the Board of Education. The remaining $9.3 million will be used to refinance a lease purchase from 2008 that funded the purchase and installation of certain fixtures in several government-owned buildings for an expected net present value savings of 14% of refunded principal and no extension of maturity.'..

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