Baltimore County has maintained it’s coveted triple-A bond rating from the top three bond rating agencies in the country.
The rating, announced Monday, continues the county’s status as one of the few to get such a rating from Fitch, Moody’s and Standard and Poor’s. Only about 1 percent of all counties in the United States earn the so-called “triple-triple” rating.
The rating means that the county pays a lower rate of interest to bond holders than it would it the ratings were lower, thus saving county taxpayers money.
All three agencies praised the county for it’s strong fiscal management, according to a statement released by the county.
“These ratings are confirmation that the County’s commitment to innovation, consolidation, and efficiency are making a real difference in the day-to-day operation of county government,” said County Executive Kevin Kamenetz, in a statement released by the county Monday.