Top-tier ratings reflect wise fiscal policy, resilient economy, and strong collaboration across government.

Anne Arundel County has again earned the highest possible credit rating — Triple-A — from all three major credit rating agencies: Fitch Ratings, Moody’s Investors Service, and S&P Global Ratings. This marks the third consecutive year the County has secured this top-tier designation, a distinction held by fewer than 2% of counties nationwide.

The Triple-A rating reflects Anne Arundel’s continued commitment to responsible budgeting, long-term planning, and a resilient and diverse local economy. All three agencies affirmed a stable outlook for the County, noting the strength of its reserves, thoughtful use of one-time funds, and sustained investments in infrastructure and economic development.

“These Triple-A ratings reflect our strong economic growth, our disciplined budgeting practices, and the trust that our residents have placed in county government to plan wisely and lead with purpose,” said County Executive Steuart Pittman.

What the Ratings Say

Each agency underscored Anne Arundel’s strong financial management and healthy fiscal position:

• Fitch Ratings cited “historically strong operating performance,” with reserves totaling 22% of spending in fiscal 2024. Fitch also recognized the County’s high degree of revenue control and flexibility in managing economic changes.

• S&P Global Ratings pointed to a “dynamic economy, healthy surpluses with substantial reserves, and a manageable—albeit growing—debt load.” The agency highlighted Anne Arundel’s commitment to climate resilience and maintaining top ratings, even funding major infrastructure projects.

• Moody’s Investors Service noted the County’s ability to preserve fund balance and navigate federal employment trends, citing its 38% fund balance as a percentage of revenues — driven by record income tax and investment earnings.

The agencies also highlighted the County’s proactive debt management, use of surplus funds for one-time investments, and a diverse economy anchored by federal facilities like Fort Meade, BWI Airport, and the U.S. Naval Academy.

“These ratings are a testament to years of thoughtful collaboration and planning between the council and the administration, and our residents are the ones who will benefit from our fiscal discipline,” said County Council Chair Julie Hummer.

Why It Matters for County Residents

Triple-A credit ratings allow counties to borrow at the lowest available interest rates — reducing long-term costs for capital projects. Anne Arundel’s strong ratings will help the County save taxpayer dollars as it invests in essential infrastructure, including schools, public safety facilities, transportation improvements, and water and sewer systems.

“By achieving Triple-A ratings for a third straight year, County Executive Pittman and the County Council are demonstrating that Anne Arundel County is in excellent fiscal health,” said County Budget Officer Chris Trumbauer.

Read more on the Anne Arundel County website.

Stay tuned to Conduit Street for more information.