FOR IMMEDIATE RELEASE
County of Orange Credit Ratings Upgraded, Bankruptcy Case Closed
Santa Ana, Calif. (November 16, 2024) – This week the County of Orange received an upgrade in its
Issuer Default Rating (IDR) from Fitch Ratings to AAA and a reaffirmation of its Issuer Credit Rating (ICR)
from S&P Global Ratings of AA+. In addition, on November 8, the United States Bankruptcy Court
granted the County’s Motion for Order to close the County’s 1994 bankruptcy case.
“The County of Orange should be extremely proud of its fiscal standing and how we’ve fully recovered
from the 1994 bankruptcy,” said Chairman Andrew Do, First District. “This is a result of the prudent
stewardship by this Board of Supervisors, our past Boards and by the dedicated professional staff of the
County.” Continue reading