Fitch Ratings affirmed Calvert County’s AAA credit rating and assigned a AAA rating to the following Calvert County general obligation (GO) bonds:
- $69.27 million consolidated public improvement bonds, 2023 series.
The bonds are scheduled for competitive sale on December 19. The proceeds will be used to finance specified public improvements.
In addition, Fitch affirmed the County’s AAA Issuer Default Rating (IDR) and AAA rating on outstanding GO bonds. The Rating Outlook is Stable.
According to the Fitch analysis:
The ‘AAA’ GO rating and IDR reflect the county’s low long-term liability burden, very healthy reserve levels, superior budgetary flexibility and prudent budget management, which collectively support an expectation for a high level of fundamental financial flexibility through economic cycles.
