Ocean City Receives Bond Rating Upgrade

Christmas came early to Ocean City after Moody’s Investors Service announced a significant upgrade in the city’s bond rating – from Aa2 to Aa1. Moody’s cited several key factors that contributed to the positive assessment – including the city’s robust economic development, sound financial management practices and a diverse and growing revenue base. City Manager Terry McGean says the upgraded bond rating is a reflection of the hard work and dedication of our local government and community.