PRINCE FREDERICK, Md. — Calvert County has once again earned a AAA bond rating with stable financial outlooks from all three of the nation’s major credit rating agencies, county officials announced Sept. 16.
Fitch Ratings, Moody’s Investors Service and S&P Global Ratings each assigned the top rating to Calvert County’s series 2026 general obligation bonds, totaling $75.9 million, and affirmed their ratings on the county’s existing outstanding debt. It marks the eighth consecutive assessment in which the county has received the highest possible rating from all three agencies, according to the county.
The Calvert County Board of County Commissioners (BOCC) intends to sell the new bonds during its open meeting on Tuesday, Sept. 29, 2026.
“We are extremely proud to retain our AAA bond rating from all three rating agencies,” said Commissioner President Todd Ireland. “Our fiscal discipline and policies are affirmed by major creditor agencies, making it possible for Calvert County government to borrow funds at favorable rates and continue to provide critical infrastructure projects to support education, public safety, parks and roads.”
A AAA rating is the highest grade a credit agency can assign and signals a strong ability to meet financial obligations. County officials said the rating reflects a robust financial position built on strong budgetary performance, healthy financial reserves and a well-managed debt profile, along with the county’s broader fiscal policies and practices, including its capital-needs planning and financial flexibility.
The announcement follows a string of positive fiscal marks for the county. Calvert commissioners adopted an operating budget with no tax rate increase for the current fiscal year, and the county was recognized for its 24th consecutive budget award from national finance officials late last year. Commissioners had also held a public hearing on the roughly $411 million fiscal year 2027 spending plan earlier this year.
Calvert’s continued top rating puts it in the same company as its Southern Maryland neighbors. Charles County secured its own AAA bond rating for a ninth consecutive year last fall and more recently saw its latest bond issue climb to $100 million, while St. Mary’s County locked in a $61.5 million bond sale last month after a contested commissioner vote.
