November 23, 2015

Leggett Hails News of County’s 2015 Triple-A Bond Rating; County Among Best In Nation For Fiscal Responsibility


County Executive Ike Leggett announced that Montgomery County has maintained its Triple-A bond rating for 2015 from three Wall Street bond rating agencies.

Fitch, Moody’s and Standard & Poor’s all affirmed the “AAA” rating – the highest achievable -- for the County. They all 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.

1 comment:

  1. That's great. Congrats.
    Wish that the state of MD could get back to that status. We had it under Ehrlich. O'Malley destroyed it with his 8 years in office. Our MD bond rating was reduced four times to B+. It has gone up once since Hogan was elected to office, but the Democrats accuse Hogan of ignoring state's needs. No surprise there!

    ReplyDelete

Thanks for submitting comment to Paperless Airplane.