St. Mary’s County Maintains AA+ Credit Rating from Fitch

Fitch Ratings has affirmed St. Mary’s County AA+ credit rating on $100 million of outstanding tax General Obligation bonds, which has been used for road improvements and school construction.  From the St. Mary’s County press release:

In its review Fitch pointed to the county’s “maintenance of sound reserves and financial flexibility” despite revenue softening; careful management of its capital program spending and issuance of debt. It also pointed to the county’s “above average amortization of debt,” concluding St. Mary’s is on track to reduce 70 percent of its current outstanding debt within ten years.

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