Montgomery County reaffirms outstanding Triple A bond rating

The Montgomery County Commissioners recently announced that for the eighth consecutive year, Montgomery County has received the highest bond rating—Aaa with a stable outlook—from Moody’s Investors Service. Among more than 3,100 counties nationwide, approximately 130 have received an Aaa bond rating.

"Holding the highest possible bond rating for consecutive years is a shining endorsement of the County’s approach to budgeting and our commitment to transparency,” said Neil Makhija, Chair of the Montgomery County Board of Commissioners. “It shows that Montgomery County remains a stable, well-managed government, regardless of the economic landscape. This exceptional rating is good news for residents, businesses, and anyone else who depends on all the ways we serve.”

The rationale for why Moody’s continues to assign the highest credit rating possible to the County includes:

• The rating captures a dynamic local economy in suburban Philadelphia, a very solid financial position (fund balance including reserves that are restricted but usable for operating purposes exceed 34% of revenue), and modest leverage (long-term liabilities are 137% of revenue).
• The county estimates it ran a surplus in fiscal 2024, and its commitment to fiscal discipline including its adherence to a formal fund balance policy will help preserve the balance sheet going forward.
• Montco's strong management team will ensure that the county remains among the strongest counties in Pennsylvania for the foreseeable future.
  
  

"Responsible fiscal management proves just how serious we are about being great stewards of the County’s resources,” said Jamila Winder, Vice Chair of the Montgomery County Board of Commissioners. “By aligning our financial decisions with our core values, we can make strategic investments in critical areas like housing and infrastructure, and support opportunities for businesses and working families that move Montgomery County forward.”

Montgomery County highly values an excellent credit rating as it allows the County to borrow money at the lowest possible interest rates. This means that the County can continue to make forward-looking investments into infrastructure upgrades and programs that improve the quality of life for Montgomery County’s residents.

The County sought this rating for 2025 to fund a portion of the County’s capital budget, including projects related to the Justice Center, library, parks, bridges, and roads.

To see a copy of Moody’s press release, click here.