AAA Credit Rating Awarded To Howard County

HOWARD COUNTY, MD — For the 23rd year in a row, Howard County has received the highest possible credit rating, AAA, from all three bond rating agencies - Fitch Ratings, Moody’s Investor Services and Standard & Poor’s.

Among more than 3,100 counties in the nation, Howard County is one of 46 counties to receive a AAA rating from all three agencies. The rating affirms Howard County’s ability to pay its debts and gives taxpayers the lowest possible interest when repaying bonds sold by the county.

“We are living through challenging times and the impact, response, and recovery from coronavirus is going to affect everyone financially – including the Howard County government,” said Howard County Executive Calvin Ball in a statement. “Achieving our AAA bond rating means that our residents will be saving money due to the careful fiscal stewardship of our county’s leaders over the past 23 years. I want to thank and acknowledge our entire finance and budget teams for their guidance, and I especially appreciate the investment and trust of our taxpayers. Even as our nation faces an uncertain economic future, our county’s fiscal practices remain healthy, flexible, and sound.”

“I am pleased that Howard County maintained its Triple A Bond Rating for the 23rd consecutive year,” said Deb Jung, County Council chair. “This Triple A rating evidences Howard County’s strong fiscal foundation and its ability to weather uncertain economic times.”

The full bond rating reports are available here.