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Frederick County has earned AAA bond ratings from all three major bond rating agencies, County Executive Jan Gardner announced today. Fitch, Moody’s, and Standard & Poor’s each reaffirmed the county at the highest possible ratings based on how well county government is managed, with sound fiscal policies and long-range planning, and on the county’s strong and thriving economy.
“This is another win for Frederick County residents. Taxpayers will save millions of dollars as a result of our AAA ratings,” Executive Gardner said. “Frederick County can be proud that our bond rating reflects the strength of our economy and excellent management of our county government and finances. With outstanding services, exceptional schools, safe communities, a diversity of jobs and a healthy environment, we are well poised for the future.”
Frederick County is one of fewer than 50 of the nation’s more than 3,000 counties to earn AAA bond ratings from all three bond rating agencies. The county joined the elite ranks for the first time in June 2016. Top ratings allow Frederick County to pay lower interest rates on the construction of schools, roads, libraries, parks, and more. The county also plans to refinance old bonds at a lower rate, which will save an estimated $2 million.
Please see the attached press release or photo for additional information and watch the public information briefing.