Moody’s Investors Service has upgraded Wicomico County’s credit rating from Aa2 to Aa1, marking a significant achievement for the County’s leadership and fiscal stewardship.
The upgrade reflects Wicomico County’s strong financial performance, prudent fiscal management, and ability to meet financial obligations. In addition, the rating upgrade facilitates access to capital markets at more favorable interest rates, enabling the County to finance infrastructure projects at a lower cost to taxpayers.
“I could not be prouder of our team as we showcased all the great things happening in Wicomico County,” said County Executive Julie Giordano. “During last year’s presentation, [Moody’s] noted our goals and witnessed their fulfillment this year.”
The rating report highlights the local economy’s expected expansion, driven by the healthcare, government, and transportation sectors. Wicomico’s strategic partnerships, particularly with UMES (an HBCU), foster new employment and educational opportunities for residents. Additionally, the County’s airport is critical, offering training programs and serving as an economic driver.
Furthermore, residential development and infrastructure investments remain central to the County’s long-term growth strategy. These initiatives support Wicomico’s growing population and position the County as a regional leader.
