MoCo retains Aaa bond rating
Montgomery County officials have pulled the county back from the prospect of a major fiscal embarrassment.
County Executive Isiah Leggett (D) says Moody's bond rating agency told county officials Wednesday that it has been taken off a watch list for possible downgrade after Leggett and the county council made a series of budget cuts and strengthened policies on county reserves.
The county's coveted Aaa bond rating is now safe.
Moody's had put the county on a watch list because it was relying too heavily on reserves to cover this year's expenses.
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