Carroll County Comptroller Robert Burk announced that all three major credit rating agencies reaffirmed the County’s AAA bond rating. The ratings — issued by Fitch, Moody’s, and Standard & Poor’s — keep borrowing costs low for capital projects and reflect the County’s sound fiscal policies, prudent long-range planning, and robust economy.
The County sold $22 million of new issue bonds dedicated to various infrastructure and other capital investments. As a direct result of the County’s excellent bond ratings, new bonds sold at a low-interest rate of 1.56%.
“Staff and the Board of Commissioners work diligently to establish and maintain conservative fiscal practices and are thrilled to receive reaffirmation of the triple AAA credit rating,” said Board of County Commissioner President Ed Rothstein. “This is great news, and it’s gratifying to receive an acknowledgment that the County’s conservative fiscal management, financial position, and fiscal planning remain strong.”