Moody’s Investors Service assigned an Aaa to Harford County’s $50 million Consolidated Public Improvement Bonds, Series 2023. The County will use the bonds to finance county-wide improvements, including general government, education, and utility projects.
Moody’s maintains an Aaa on the County’s outstanding issuer and general obligation ratings. The outlook is stable. The rating keeps borrowing costs low for capital projects and reflects the County’s sound fiscal policies, prudent long-range planning, and robust economy.
According to Moody’s analysis:
The Aaa issuer rating reflects the county’s healthy local economy which is anchored by military and federal government institutions and strong resident income and wealth. The Aaa also reflects its strong reserve position, despite expected decline in fiscal 2023, along with manageable long-term liabilities and fixed costs.