Fitch rates Montgomery County, Md., bonds AAA

Fitch Ratings said it assigned an AAA rating to Montgomery County, Md.'s estimated $64.7 million of general obligation, consolidated public improvement refunding bonds of 2008, series A.

The bonds are scheduled to sell by competitive sale on March 6.

Fitch also said it affirmed the AAA rating on the county's $1.6 million of G.O. bonds, AA+ rating on its $33.6 million of certificates of participation (Equipment Acquisition Program) and AA on its $38.3 million of lease obligations (Metrorail garage projects).

In addition, Fitch said it affirmed the AA+ rating on Maryland Economic Development Corp.'s $48.3 million of lease revenue bonds, AA+ rating on the Montgomery County Revenue Authority's $22.8 million of lease obligations (Germantown Indoor Swim Center project), AA rating on the authority's $15 million of lease obligations (Conference Center project), AAA rating on the Maryland-National Capital Park and Planning Commission's $48.3 million of Montgomery County G.O. bonds.

The outlook is stable.

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