Rating Agencies Improve Queen Anne’s County Bond Rating

Fitch and Moody’s have both undertaken an analysis of the public debt market sector, adjusting existing ratings where necessary to a comparable level of credit risk as ratings in other sectors. As a result of this recalibration, Fitch Ratings for Queen Anne’s County moved up one level, from AA to AA+ and Moody’s moved the county debt from A1, up two levels, to Aa2.

“We are delighted that both Fitch and Moody’s increased the credit rating for Queen Anne’s County as part of their overall recalibration process so now an investor will have an apples-to-apples comparison across various debt markets,” said County Commission President Gene Ransom, “Queen Anne’s County bonds remain ‘High Grade’ bonds for all bond holders.”

Bond credit rating assesses the credit worthiness of a corporation or government debt issues. It is analogous to credit ratings for individuals and countries and is a financial indicator to potential investors of debt securities such as bonds.

These are assigned by credit rating agencies such as Moody’s, Standard & Poor’s, and Fitch Ratings to have letter designations, such as AAA, B, CC, which represent the quality of a bond.