Montgomery County continues to receive positive ratings from a leading bond rating agency. Montgomery County's General Obligation Rating remains an Aa1, according to Moody's Investors Service.
Bond ratings measure the financial stability of an organization. According to Moody’s Global Long-Term Rating Scale, organizations that receive Aa1 ratings “are judged to be of high quality and are subject to very low credit risk.” Moody’s takes into consideration a wide variety of factors including the state of the local economy, the organization’s ability to pay its debt and the organization’s fiscal policies. Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis.
“This rating speaks volumes about Montgomery County’s commitment to exceptional financial management,” said County Commission President Dan Foley. “The citizens should feel confident that their tax dollars are being managed in a professional way.”
“Our financial stability is a direct result of the hard work and effective management practices of county officials and staff who strive to make sound financial decisions,” added County Auditor Karl Keith. “It is incredibly rewarding to be recognized for fiscal responsibility.”
Review Montgomery County’s budget documents at: