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Baltimore County retains AAA bond rating

Baltimore County has retained its prized triple A bond rating from the three major rating agencies — Fitch, Moody’s, and Standard & Poor’s — ensuring that the county will continue to pay the lowest interest rate available when it goes to the bond market.

In making the announcement, County Executive Kevin Kamenetz said, “once again Baltimore County is being recognized for its sound fiscal management.”

The difference between a double-A and triple-A rating in present value savings for Baltimore County in its current bond sale is $12.5 million, officials said. Less than 1 percent of all the counties in the United States have Triple A ratings from all three agencies.