Fitch Ratings assigned a AAA rating to Talbot County’s $24.9 million series 2022 general obligation (GO) bonds.
In addition, Fitch affirmed the County’s Issuer Default Rating (IDR) and outstanding GO bonds at AAA. The County will sell the bonds via competitive sale on September 29, 2022.
According to the Fitch Ratings analysis:
The ‘AAA’ IDR and GO rating reflect the county’s very low long-term liability burden and associated fixed carrying costs that are a minimal percent of spending, as well as modest future borrowing plans. The rating also incorporates the county’s healthy reserves that provide the highest level of gap-closing capacity to address an economic downturn.