County’s Credit Rating Upgraded
(Santa Ana, CA) — A recovering local economy and “very strong” management practices led to a recent upgrade to the County’s creditworthiness by national rating agency Standard & Poor’s.
The County’s issuer credit rating went to ‘AA’ from ‘AA-,’ while its rating on outstanding general obligation debt went to ‘AA-‘ from ‘A+’ in action taken late last month. The new ratings are within S&P’s “high quality” range. Additionally, the agency noted that the County has no variable-rate debt. Continue reading