FY2023 Adopted Operating and Capital Budget

FY2023 Adopted Budget Fund Budgets

Debt

Credit Rating Governments must receive a credit rating, much like a personal credit score when anticipating issuing additional bonds. The credit rating affects the interest rate related to the debt. The higher the credit rating, the lower the interest rate and less cost to the County and ultimately the taxpayers.

County's Credit Rating (as of August 2021) Fitch AAA Moody's Aaa S&P Global AAA

Fitch, Moody s, and S&P Global (previously Standard & Poor s), are the three main credit ratings for governments. Although each agency has its own scoring and ratings, the top rating for each is a triple A. Frederick County has maintained these ratings over the last six years.

77