FREDERICK COUNTY WINS PRESTIGIOUS TRIPLE-AAA BOND RATING, PAVES WAY FOR ECONOMIC GROWTH

Frederick County has solidified its financial reputation by earning the triple-AAA bond rating from all the big three bond rating agencies, Fitch, Moody's, and Standard & Poor's. With a nod to the County's solid financial practices and strategic foresight, these ratings reflect the highest level of confidence in its economic management. County Executive Jessica Fitzwater announced the achievement, emphasizing its impact on Frederick County's ability to invest in essential infrastructure at lower costs, as mentioned by the county's official website.

Having a AAA rating, Frederick County stands out in the nation, commanding lower interest rates for public projects, much how individuals with top credit scores snag the best deals on loans. Early this January, Fitzwater spearheaded meetings with credit analysts in New York City, where the County's financial strategies, including addressing pressing issues like cybersecurity and climate change, were laid bare.

The consensus among the rating agencies was unmistakable. Frederick County's financial health has been deemed robust with exceptional financial management and reserves that provide financial flexibility, according to official reports. Their diverse local economy is a contributing factor as well, with sectors like biotech and life sciences driving continued growth.

Fitzwater credited the County's financial success to the diligent and skilled County employees, emphasizing that the taxpayers' money, the County's greatest asset, is in good hands. For those interested in learning more about Frederick County's financial strategy and performance, the Division of Finance Director, Erin White, has been made available at 301-600-1193 or via e-mail at EWhite@FrederickCountyMD.gov.

Source: https://hoodline.com/2025/01/frederick-county-wins-prestigious-triple-aaa-bond-rating-paves-way-for-economic-growth/