Montco Earns Top Bond Rating For 6th Straight Year

NORRISTOWN, PA — Montgomery County is once again among the most financially powerful counties in the state, according to the latest bond rating from Moody's Investors Service.

The county's "Aaa with a stable outlook" grade is the highest available bond rating, a mark they've received for six years running now.

“With this high-quality rating, we’re able to better leverage our taxpayer dollars for investments into long-term capital planning efforts, upgrade our aging infrastructure, and offer the vital programs and services our residents and employees need and deserve," Montgomery County Commissioner Ken Lawrence said in a statement.

Moody's cited the county's low debt, large and dynamic economy, good credit, and "strong governance," in the form of its increased pension contributions and increased property tax rates that have helped balance the budget.

The review also pointed to the county's many major employers, including leaders in the pharmaceutical, healthcare, and finance industries. More than 50 percent of the population has a Bachelor's degree.

The high rating means the county can borrow money with the lowest interest rate possible, reducing overall costs and putting more money into services and things like critical infrastructure improvements.