Carroll County this week received high ratings from national credit rating agencies in their annual review of jurisdictions' financial stability.
Credit rating companies Fitch, Standard & Poor and Moody's gave the county marks related to credit worthiness and money management practices. The Fitch rating was AAA; Standard & Poor's was AA+; and Moody's Aa1 — all reflecting the upper level of ratings available to a county the size of Carroll.
Standard & Poor's Rating Service report noted the county's "diverse economy" and "strong income and property wealth, coupled with unemployment below state and national rates.
The company also cited "strong finances, including strong reserves, coupled with a history of using general fund reserves to pay for capital expenditures."
In a statement regarding the credit ratings, Commissioner David Roush said, "I am pleased with the financial outlook for the county. Carroll stands strong today and will remain strong with continued conservative financial leadership."Copyright © 2014, The Baltimore Sun