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: