Local news- Press Release
Calvert County Maryland - Calvert County Receives AAA Credit Ratings for Seventh Consecutive Assessment 05 January 2023 ( news )
Calvert County , state Maryland ( By Press Release office)
Jan 05,2023
| 5| 2
The Calvert County Board of County Commissioners ( BOCC ) is proud to announce that Calvert County has once again been awarded a AAA bond rating with stable outlooks from three independent credit rating agencies . This marks the seventh consecutive time that the county has achieved this prestigious rating , reflecting its sound fiscal management and economic resilience .
The three ratings were assigned by Fitch Ratings , Moody’s Investor Services and Standard & Poor’s ( S&P ) Global Ratings to Calvert County’s 2023 general obligation bonds totaling $69 . 27 million and are reaffirmed for the county’s outstanding debt .
The AAA rating is the highest possible and signifies the county’s strong capacity to meet its financial commitments . It is a key factor in enabling the county to borrow funds at the most favorable rates , ultimately saving taxpayers money and allowing for the continued provision of high - quality public services .
The AAA bond rating reflects Calvert County’s robust financial position , characterized by strong budgetary performance , healthy financial reserves and a well - managed debt profile . It also acknowledges the county ' s comprehensive fiscal policies and practices , which have been key to its financial stability .
Find more data information about Calvert County
PLAY the NEWS
* May be useful for visually impaired persons .
Press release information :
Direct link to press release:
Click here .
