Tuesday, November 22, 2016

County Maintains AAA Bond Rating

Good news: Montgomery County has maintained its Triple-A bond rating for 2016 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.

The County has held an AAA bond rating since 1973 and is currently one of just 45 of the more than 3,000 counties nationwide with the top rating from all three rating agencies.

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