The agencies said they were impressed with the county’s management and local economy.
Frederick,Md (KM) Once again, Frederick County has maintained the top AAA bond rating from the major bond rating agencies in the nation: Moody’s, Standard and Poor, and Fitch Ratings. County Executive Jan Gardner says this is good news for the county. “This is a demonstration of strong management and financial results in Fredrick County government; the fact that we have a thriving and growing economy; and that we have a plan for the future,” she says.
Frederick County is one of less than 50 counties out of the more than 3,000 counties in the nation which have this AAA Bond rating, say county officials.
Gardner says she and other county officials traveled to New York City a few weeks ago to visit with the bond rating agencies.; “The rating agencies loved our ‘Livable Frederick’ plan. They loved that we’re planning to put in place an action plan to insure that we have a prosperous future and maintain a high quality of life,” she says.
Livable Frederick is a planning process that takes into account more than just land use and rezonings.
But the AAA Bond rating benefit citizens, says Gardner. “It means we will save millions millions of dollars on our debt with capital projects,” she says. “It also means we can take same amount of money and make it go much farther in terms of building schools, roads, libraries, parks and all of those things we need to support our high quality of life into the future.”
In a video the county posted on You Tube, Gardner thanked the county’s staff for their outstanding work in keeping the AAA Bond rating. Frederick County first achieved its AAA Bond rating in June, 2016.
By Kevin McManus