City of Frederick Bond Rating Upgraded Following 2016 Bond Tour

The City of Frederick received an upgraded rating from Standard & Poors (S&P) to AA+ with a stable outlook, following an evaluation last month.  Analysts from each of three major bond rating agencies (Fitch, Moody's, and S&P) toured The City of Frederick in late February to supplement their research and learn about the current and future investment activity within the City.

Read on for a summary of commercial development activity within The City of Frederick and highlighted trend data from the materials shared with each rating agency.

• Positive population growth
• Stabilized and increasing housing values
• Strong business growth
• Bio/lifesciences and advanced technology
• Healthcare, services, retail
• Fort Detrick and National Cancer Institute
• National Interagency Biodefense campus
• Construction of new USAMRIID Laboratory
• Downtown Frederick
• Completion of Carroll Creek Linear Park (Phase II)
• Rehabilitative and infill projects 
• Golden Mile
• Redevelopment of Frederick Towne Mall
• East Frederick
• Small Area Plan development and planned residential and commercial taking shape

Analysts were provided with a directory of commercial development projects in various stages of construction within The City of Frederick.  A complete listing is available for download below.

Access the links below for the complete development directory and bond briefing presentation:

Download - Development Directory (PDF)
Download - Bond Briefing Presentation (PDF)