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Economic Development

Posted on: January 5, 2023

Calvert County Receives AAA Credit Ratings

North Beach shoreline

The Calvert County Board of County Commissioners (BOCC) is proud to announce that Calvert County has once again been awarded a AAA bond rating with stable outlooks from three independent credit rating agencies. This marks the seventh consecutive time that the county has achieved this prestigious rating, reflecting its sound fiscal management and economic resilience.

The three ratings were assigned by Fitch Ratings, Moody’s Investor Services and Standard & Poor’s (S&P) Global Ratings to Calvert County’s 2023 general obligation bonds totaling $69.27 million and are reaffirmed for the county’s outstanding debt.

The AAA rating is the highest possible and signifies the county’s strong capacity to meet its financial commitments. It is a key factor in enabling the county to borrow funds at the most favorable rates, ultimately saving taxpayers money and allowing for the continued provision of high-quality public services.

The AAA bond rating reflects Calvert County’s robust financial position, characterized by strong budgetary performance, healthy financial reserves and a well-managed debt profile. It also acknowledges the county's comprehensive fiscal policies and practices, which have been key to its financial stability.

Find more data information about Calvert County
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