County Maintains Coveted Triple-A Bond Rating

County Executive Ike Leggett has announced that Montgomery County has maintained its Triple-A bond rating from three Wall Street bond rating agencies -- Fitch, Moody’s, and Standard & Poor’s. The announcement came a week after Leggett, Council President Nancy Navarro and other County officials met with the agencies to brief them on the County’s fiscal situation and future plans.

The three agencies affirmed the “AAA” rating – the highest achievable -- for the County. and termed the outlook for Montgomery County as “stable.”

The Triple-A bond rating enables Montgomery County to sell long-term bonds at the most favorable rates, saving County taxpayers millions of dollars over the life of the bonds. The rating also serves as a benchmark for numerous other financial transactions, ensuring the lowest possible costs in those areas as well.

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See The Washington Post report.