by Keith Dorsey
Director, Baltimore County Budget & Finance
In Baltimore County, when we talk about AAA, we’re not talking minor league baseball. We’re talking about the three AAA bond ratings Baltimore County just received (again) from the major rating agencies. Moody’s, Standard & Poor’s and Fitch have each given the County their highest credit ratings.
Why should you care? Think of a bond rating as the County’s credit score. The higher your score/rating, the lower your interest rate when you borrow money. The County’s AAA ratings save us millions of dollars in interest payments when we borrow money for major capital expenses such as new and expanding schools and heavy equipment for public works and the fire department.
Fewer than 1% of the counties in the nation earn a Triple/Triple A bond rating, placing Baltimore County in elite company. We work hard to be sure the County manages taxpayer dollars wisely. Three AAA ratings are a sign that we’re doing a good job.
If you want to find out more about our AAA bond ratings, click here.