County’s $30 Million Bond Sale Aided by Triple AAA Credit Ratings
Westminster, MD, Thursday, November 16, 2023 – Today, the Carroll County Board of Commissioners approved the sale of $30 million in new issue bonds. Proceeds will be dedicated to various infrastructure and other capital investments for general government, public schools, and conservation & water resources.
County Comptroller Jenny Hobbs led today’s presentation to the Board of Commissioners, informing the board that the county received 17 bids and the successful bid has a lower interest rate than last year. The recent reaffirmation of three triple-A ratings from the three major financial rating agencies, the highest ratings possible for the county, led to the subsequent low-interest rate of 3.637757%.
Links to the credit agency reports from Fitch Ratings, S&P Global Ratings, and Moody’s Investors Service are available on the county Comptroller webpage.