Salisbury, MD – Wicomico County is proud to announce that following detailed financial presentations to Moody’s Investors Service and Standard & Poor’s Global Ratings (S&P), the County has successfully reaffirmed its AA+ rating from Moody’s and AA+ rating with a Stable Outlook from S&P.
This reaffirmation represents a strong vote of confidence in Wicomico County’s fiscal management at a time when the State of Maryland continues to navigate significant financial headwinds, including revenue shortfalls and budgetary constraints. The County’s ability to maintain top-tier ratings highlights the stability, leadership, and disciplined financial strategy guiding its operations.
“Affirming our AA+ bond ratings from both Moody’s and S&P — including a stable outlook — during uncertain economic times is a true testament to our team’s disciplined approach to financial management,” said County Executive Julie Giordano. “This demonstrates the confidence these national agencies have in Wicomico County’s ability to manage taxpayer resources responsibly while continuing to move our county forward.”
Bond ratings are one of the most important indicators of a government’s financial health. They influence the County’s ability to borrow money at favorable interest rates for major capital projects, saving taxpayers substantial funds over time. By maintaining these strong ratings, Wicomico County continues to reduce borrowing costs while advancing key priorities in infrastructure improvements, public safety investments, and economic development initiatives that strengthen the local economy.
During the recent presentations, County officials provided a comprehensive overview of Wicomico’s fiscal policies and financial performance. Both Moody’s and S&P cited several contributing factors to the County’s ratings, including:
Conservative budgeting practices that limit unnecessary spending and build long-term sustainability.
Healthy reserve levels that provide flexibility in managing future economic uncertainties.
A steadily growing and diversified economic base, supported by key regional employers and strategic investments such as the Salisbury Regional Airport expansion and the Aviation Maintenance Technician School.
Strong and stable leadership focused on transparency, accountability, and proactive financial oversight.
“This is a major accomplishment for Wicomico County and a clear signal that our financial foundation remains strong,” Giordano added. “We will continue to prioritize transparency, sound fiscal stewardship, and forward-thinking planning to ensure long-term stability for our residents and position Wicomico County for sustained growth.”
The reaffirmed bond ratings ensure that Wicomico County remains among the highest-rated jurisdictions on Maryland’s Eastern Shore — a distinction that reflects not only prudent financial management but also the county’s ongoing commitment to responsible governance and community investment.