S&P Global Ratings assigned its 'AA+' rating to Washington County, Md.'s series 2024 $25.455 million public improvement and refunding general obligation (GO) bonds. 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 2024 bond proceeds to finance various capital investments related to infrastructure, public safety, education, and environmental projects, as well as to refund the county's 2013 and 2014 bonds for net present value savings. Washington County consistently produces at least balanced operating results, supported by very strong financial management policies and practices, low fixed costs, and a growing tax base. Management indicates it expects to draw on reserves
