SALISBURY, Md. — Wicomico County has successfully reaffirmed its AA+ bond rating from Moody’s Investors Service and its AA+ rating with a stable outlook from Standard & Poor’s Global Ratings, following detailed financial presentations to both agencies. County officials said the reaffirmations reflect strong confidence in Wicomico’s fiscal management amid statewide revenue shortfalls and budgetary pressures.
County Executive Julie Giordano described the ratings as a testament to the county’s disciplined approach to financial management, ensuring taxpayer resources are handled responsibly while advancing county priorities. Bond ratings influence a government’s ability to borrow at favorable interest rates for capital projects, reducing costs for taxpayers. Maintaining high ratings supports Wicomico County’s investments in infrastructure, public safety, and economic development initiatives, including the Salisbury Regional Airport expansion and the Aviation Maintenance Technician School.
Moody’s and S&P highlighted several factors contributing to the reaffirmed ratings, including conservative budgeting practices, healthy reserve levels, a diversified and growing economic base, and stable, transparent leadership. Giordano said the ratings underscore Wicomico County’s commitment to transparency, sound fiscal stewardship, and forward-looking planning, ensuring long-term stability and positioning the county for continued growth.
The reaffirmed ratings keep Wicomico County among the highest-rated jurisdictions on Maryland’s Eastern Shore, reflecting both prudent financial management and ongoing dedication to responsible governance and community investment.
Wicomico County Executive Julie Giordano
Photos: WicomicoCounty.org