Washington County briefs

March 09, 2006|by TARA REILLY

Bond agencies give county strong ratings

Moody's, Standard and Poor's (S&P) and Fitch bond rating agencies have given Washington County strong ratings, the county said Tuesday in a written statement.

Moody's increased the county's rating from A1 to Aa3, S&P's improved from A+ to AA-, and Fitch's rating is an AA-, according to the statement.

Fitch's released its rating in fiscal year 2005.

All three agencies cited a financially healthy county as the reason for the strong bond ratings.

S&P said the county's performance is "reflected by consecutive general fund surpluses for at least the last eight fiscal years, coupled with consistently healthy and steadily increasing reserve levels."

"This announcement is perhaps the most significant in the financial history of Washington County," Commissioners President Gregory I. Snook said in a statement. "Ten years ago, our financial shape was not very good. Over the last decade, our Management and Staff have put financial models in place that mean we are, today, among the most creditworthy of counties our size in Maryland."


Six new employees introduced at meeting

Six new Washington County employees were introduced to the County Commissioners at Tuesday's commissioners' meeting.

Christopher Todd Michael, Francis Henry Vincent II and Ray Ellwood Younker Jr. are new detention officers.

Sara M. Henke, Traci A. Enciso and Holly A. Burbee are new planners.

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