Montgomery County received great news last week when it learned that it will maintain its “Triple-A” bond rating from the three major Wall Street bond rating agencies. The County continued its status as a top-rated issuer of municipal securities, with the highest credit rating possible for a local government.
Moody’s Investors Service, Inc., Standard & Poor’s and Fitch Ratings all affirmed the Triple-A rating—the highest achievable—for the County.
Montgomery County has earned Triple-A ratings from Moody's Investors Service, Inc. every year since April 1973 (47 consecutive years); from Standard & Poor’s every year since 1976 (44 consecutive years) and from Fitch every year since 1991 (29 consecutive years).
The rating is very important. By having the highest rating for its bonds, the County can move ahead in building future projects that this County demands.
The analysis from Standard & Poor’s stated, “We view the county's management as very strong, with strong financial policies and practices under our FMA methodology, indicating financial practices are strong, well embedded and likely sustainable.”
More information about the recent affirmation of our bond rating is available here.