S&P Global Ratings assigned its 'AA+' rating to Washington County, Md.'s series 2022 public improvement general obligation (GO) bonds, totaling approximately $16.485 million. At the same time, we affirmed our 'AA+' rating on the county's GO debt outstanding. The outlook is stable. The county's full-faith-and-credit pledge secures the GO bonds. Officials will use proceeds from this issue to finance various capital investments. Washington County consistently produces at least balanced operating results, which has led to maintenance of high reserves and cash balances. We expect this to continue over the long term, given the strength of the financial management environment and predictable general fund revenues and expenditures. The county is making material progress in improving its pension funded ratio by funding
