Montgomery County has once again secured the highest possible credit ratings from all three major Wall Street agencies — Moody’s Ratings, S&P Global Ratings, and Fitch Ratings — solidifying its reputation as a top-rated issuer of municipal bonds. The County’s AAA ratings for 2024 underscore its fiscal strength and sound financial management.
Montgomery County has maintained this elite status for decades: 52 consecutive years with Moody’s, 49 with S&P, and 34 with Fitch.
These sustained ratings demonstrate a robust economy, diverse tax base, and prudent fiscal policies.
These ratings enable Montgomery County to borrow at the most favorable rates, saving millions. They also serve as a benchmark for other financial transactions, ensuring the lowest possible costs.
“Maintaining our ‘Triple-A’ bond rating for 52 consecutive years is a remarkable achievement that reflects the strength and stability of Montgomery County,” said County Executive Marc Elrich. “These credit ratings prove that we have built a community with a robust economy, a diverse tax base, and prudent fiscal policies. Our strong ratings allow us to invest more in critical projects — building new schools, expanding recreational facilities, or enhancing transit infrastructure — while saving taxpayers millions in the long run.”
The rating agencies emphasized vital factors contributing to the County’s top-tier creditworthiness. Moody’s highlighted the County’s strong and dynamic local economy and solid reserves, while S&P pointed to its resilience, strong economy, and sound management team. Fitch noted the County’s ample budgetary flexibility and low long-term liabilities.
“Montgomery County’s hard-earned ‘Triple-A’ bond rating reflects our shared commitment to sound fiscal policies and our careful stewardship of taxpayer dollars,” said Council President Andrew Friedson. “With prudence and collaboration, we have navigated through unprecedented challenges to fund schools, public safety, and affordable housing at record levels.”
