Balto. Co. maintains AAA bond ratings

Favorable ratings help county save on borrowing costs

By Alison Knezevich, The Baltimore Sun

6:20 PM EST, November 30, 2012


Baltimore County has maintained its top bond ratings from the major rating agencies, county officials said Friday.

The county received AAA bond ratings from Fitch, Moody's and Standard & Poor's. The agencies pointed to factors including the county's manageable debt burden, conservative fiscal practices and a large, diverse tax base.

Less than 1 percent of counties in the country have AAA bond ratings from all three major rating agencies, county officials said. Favorable ratings help the county save money when it borrows. In a statement, County Executive Kevin Kamenetz said his administration would work closely with the County Council to "continue to demand that government be innovative, responsible and efficient."