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County News

Posted on: December 15, 2020

Bond Rating Agencies Reaffirm Franklin County’s Very Strong Credit Ratings

Moody’s stated their “rating reflects our (Moody’s) assessment of the County’s general implicit obligation credit strength” and “the County’s sizeable tax base” as well as “healthy & stable reserves and liquidity supported by conservative management and long-range planning”. Fitch stated in their rating commentary that “The County’s positive financial performance is supported by an ongoing commitment to conservative financial management.” Standard and Poors stated “Franklin County has a history of sound financial management, supported by a number of formalized financial policies and practices as well as a growing economic base. As a result, we (Standard and Poors) believe the County will continue to maintain its very strong financial position, despite the onset of COVID-19 earlier in the year.”

Read full press release here.

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