Rating Agencies Confirm Calvert County’s Bond Ratings

Rating agencies have again confirmed Calvert County’s bond ratings as it prepared to issue bonds earlier this week to finance numerous capital projects. As reported by Southern Maryland online:

The county retains an Aa1 with Moody’s Investors Service, Moody’s second-highest rating, and a AAA rating with a stable outlook by both Standard and Poor’s and Fitch Ratings, the highest for both agencies.

Calvert County Department of Finance and Budget Director Tim Hayden said the last time there was any change in the county’s bond ratings was in May 2011 when Standard and Poor’s upgraded its rating from AA+ to AAA. Other than that, he said, the county has “held steady.”

Calvert County Commissioner Evan Slaughenhoupt (R) said the bond rating is “still good news” for the county.