Westminster, MD, Thursday, November 20, 2025 – Carroll County is thrilled to announce that the county remains one of the elite jurisdictions in the country to receive a triple AAA bond rating.  Recently, the three major financial rating agencies, Fitch Ratings, S&P Global Ratings, and Moody’s reaffirmed Carroll County’s ratings of AAA/AAA/Aaa – the highest possible ratings a county can receive.

The bond rating is significant as it allows the county to finance capital projects at the lowest possible cost. The county issued $31.5 million in new issue bonds at today’s bond sale with an interest rate of 3.45%. The proceeds are dedicated to various infrastructure and capital investment projects for general government, public safety, public works, public schools, conservation & water resources, and fire company loans.

Once finalized by the credit rating agencies, links to the credit agency reports will be available on the county Comptroller webpage.

“Our Carroll County team visited the credit rating agencies in New York and delivered an excellent presentation highlighting Carroll County’s many strengths,” said Board of County Commissioners President Kenny Kiler. “The renewal of triple AAA ratings from S&P, Fitch, and Moody’s is a testament to the hard work of our committed staff, the financial stability of the county, and has resulted in today’s very successful bond sale.”