Frederick’s $134.21 million of general obligation debt outstanding got a boost last week from Standard & Poor’s to AA from AA-minus based on the city’s continued economic base growth.

The city’s strong and expanding local economy with significant commercial and retail expansion, its location and participation in the diverse and vibrant Washington-Baltimore regional economy, consistent and healthy property tax base growth, and moderate debt burden contributed to the upgrade, Standard & Poor’s said. The outlook is stable.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.