Frederick, MD (JK) – Frederick County has once again earned the highest possible bond ratings from all three major credit rating agencies, reinforcing its reputation for strong financial management and long-term fiscal stability.
County Executive Jessica Fitzwater announced that Fitch Ratings, Moody’s, and Standard & Poor’s each affirmed the county’s AAA bond rating. The designation places Frederick County among a select group of jurisdictions nationwide to receive the highest ratings from all three agencies.
The ratings allow the county to borrow money at lower interest rates, reducing financing costs for major public projects including schools, roads, libraries, parks, and other infrastructure improvements.
Before issuing their ratings, analysts from the three agencies reviewed the county’s financial reserve policies, fiscal management practices, and long-term planning strategies.
The agencies cited Frederick County’s strong and growing economy, continued development across multiple sectors, increasing revenues, population growth, high median household income, and diverse economic base. They also noted the county’s well-established financial policies and long-term planning as key factors supporting its continued financial stability.
The latest ratings continue Frederick County’s longstanding record of maintaining the highest level of creditworthiness, helping reduce borrowing costs and saving taxpayers money on future capital projects.
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