The County has issued Special Obligation Bonds to finance solid waste related projects.
These bonds were rated AA+ by S&P and Fitch and AA1 by Moody’s. These are extremely high ratings and reflect the strong revenue stream that supports these bonds. All of the bonds were priced on October 12 and 13. The average interest rates for the bonds are as follows:
- General Obligation Bonds – 1.5%
- Refunding Bonds – 2.9%
- Special Obligations Bonds – 3.4%
Overall, the rating agency reports were extremely positive and reflect the favorable steps the Board and management has taken to maintain and enhance a strong financial position.
View the reports:
Standard and Poor's GO
Moody’s Rating Report
Fitch New Issue Report