Baltimore County has announced that it has maintained triple-A bond ratings from all three major credit rating agencies for the 31st consecutive year, allowing the county to continue issuing bonds at the lowest possible interest rates and saving millions of dollars for taxpayers.

From the county release:

“Baltimore County is proud to maintain a strong financial foundation that supports our top bond ratings and allows us to invest in our residents, communities, and future,” said Baltimore County Executive Kathy Klausmeier. “We’re grateful to receive this recognition again, and we’re proud of our administration’s dedication to stability, resilience, and sound fiscal stewardship, ensuring we can meet any economic challenge while continuing the progress across Baltimore County.”

Fitch Ratings and S&P Global Ratings each reaffirmed the County’s triple-A bond rating—and Moody’s Investors Service its Aaa rating—placing Baltimore County among just 2% of counties nationwide to earn the highest rating from all three agencies.

In their reports, the agencies assigned a stable outlook and emphasized the County’s growing revenues, proactive financial management, and strong reserve levels. One agency noted that the stable outlook reflects the expectation that the county’s financial position will remain steady, supported by revenue growth and prudent management. Another agency highlighted that Baltimore County is expected to maintain very strong reserves throughout the outlook period, supported by a growing tax base and conservative financial management policies.