Three independent credit rating agencies, Fitch Ratings, Standard & Poor’s Rating Services and Moody’s Investors Services, have assigned Calvert County their highest AAA ratings due to the county’s consistently sound financial operations, strong reserves, conservative fiscal policies and growing economy. This is the first time in the county’s history that all three credit ratings agencies have assigned AAA ratings. MACo Board Member and Calvert County Board of County Commissioners President Evan Slaughenhoupt stated,
This outstanding news demonstrates that Calvert County remains on the right fiscal track. Achieving a triple A rating is not easy. The credit rating agencies are tough and consider numerous factors before assigning a rating. A strong credit rating reduces financing costs for our bond issues and that means significant savings to county taxpayers.
County Administrator Terry Shannon said,
I am extremely proud of this prestigious achievement for Calvert County; an achievement that our employees and citizens share. So many people play a role in maintaining our fiscal health and I am so very proud of the excellent work this credit rating represents.
More information is available on Calvert County’s website.