Montgomery County Commissioners announced today that the county has received the highest bond rating—Aaa with a stable outlook—from Moody’s Investors Service for the eighth consecutive year.

Among more than 3,100 counties nationwide, approximately 130 have received an Aaa bond rating, the announcement said.

The rating “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,” Neil Makhija, Chair of the Montgomery County Board of Commissioners, said.

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.

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.