From the City of Aberdeen:
The financial rating service, Standard and Poor’s, has announced that it has raised the City of Aberdeen’s bond rating from AA to AA+. Their rating reflects several positive opinions regarding Aberdeen’s overall economy and the operation of the City government.
Aberdeen is the only municipality in Northeast Maryland to go through the bond rating process. Since the rating is very positive, the City can conduct business with a lower cost of borrowing money and therefore having available funds for other expenditures. The Harford County government enjoys an AAA bond rating.
Mayor Michael E. Bennett commented that “The conservative fiscal approach that we apply to our budgeting and management of the City has facilitated this upgrade in our bond rating. We in the City government are quietly taking care of our business every day.”