Fitch Ratings, S&P Global Ratings, and Moody’s have reaffirmed Charles County’s highest possible credit ratings, citing strong financial management, substantial
reserves, and manageable debt obligations.
Charles County has maintained its AAA bond ratings from all three major credit rating agencies for the 10th consecutive year, reflecting the County’s continued financial stability and creditworthiness.
Fitch Ratings, S&P Global Ratings, and Moody’s each reaffirmed the County’s top ratings and stable outlooks after reviewing its financial performance, budget management, external audits, and economic development efforts. S&P Global Ratings also assigned its AAA rating to Charles County’s $95.8 million series 2026 general obligation bonds. The agency cited conservative budgeting, strong financial reserves, long-term financial planning, continued economic growth, and manageable debt obligations as factors supporting the rating. Moody’s similarly highlighted the County’s substantial reserves, financial management practices, and stable local economy, supported by ongoing development and the presence of federal government institutions.
Fitch pointed to the County’s financial resilience, population growth, favorable economic and demographic conditions, and manageable long-term liabilities. The agency also noted Charles County’s proximity to major employment centers in Washington, D.C., and Northern Virginia.
From the county press release:
“Maintaining our Triple-A bond rating for the 10th consecutive year reflects Charles County’s strong financial foundation and our commitment to responsible stewardship of taxpayer dollars,” said Charles County Commissioner President Reuben B. Collins II.
The highest possible credit ratings help Charles County secure favorable borrowing rates when financing capital projects, potentially reducing long-term interest costs for infrastructure and other public investments. The reaffirmations underscore the role of financial reserves, debt management, and long-term fiscal planning in maintaining county creditworthiness and supporting future capital needs.
