Montgomery County keeps AAA bond rating

Local,Maryland,Rachel Baye

Montgomery County has retrained its AAA bond rating from all three rating agencies, County Executive Ike Leggett announced Thursday.

The county is one of 38 in the country to receive a AAA rating from Standard & Poor's, Fitch and Moody's.

In a statement Thursday, Leggett attributed the strong rating to the county's decision to eliminate 1,200 jobs and other cost-cutting measures that helped the county close $2.6 billion in budget gaps in the last six years.

"We must maintain the sense of urgency that has compelled us to continue sober and serious fiscal planning," he said.

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