Baltimore County once again has earned the highest possible AAA bond ratings from all three major rating agencies.
The County indicates in its press release that it is one of only 46 counties nationwide that holds AAA ratings from all three bond rating agencies. Charles County announced last week that it also qualifies for this elite status.
The County also saved $5.9 million by refunding $98.6 million in County bonds on November 2.
From the press release:
“Triple-A bond ratings are like a high credit score, ultimately saving Baltimore County citizens millions of dollars in interest when we borrow money through the sale of bonds to pay for things like school construction and parks and infrastructure maintenance,” said [County Executive Kevin] Kamenetz. “We have achieved this important distinction through strong fiscal management that means we invest in strong communities, but in a responsible way with no tax rate increases in more than two decades.”
“These bond ratings are critically important, and it is truly impressive that the County has maintained the triple-triple-A rating while investing in a historic upgrade of our schools,” said County Council Chair Tom Quirk.