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2015 News

Bucks County’s Triple-A (AAA) Bond Ratings Reaffirmed by Moody’s Investors Service and Standard & Poor’s

November 20, 2015

As Bucks County government prepares to release its preliminary 2016 Operating Budget on Wednesday, November 25 at noon, the Board of Commissioners joins Chief Operating Officer Brian Hessenthaler and Director of Finance and Administration David Boscola to make a major financial announcement. This week, both Moody’s Investors Service and Standard & Poor’s ratings services reaffirmed Bucks County’s “AAA” bond ratings.

As a result, the county maintains AAA ratings with a stable outlook from two of the largest credit rating agencies in the country. Bucks County is one of three AAA rated counties in the Commonwealth of Pennsylvania, and is among a select group of counties in the country that have two AAA ratings.

“This is great news again to receive further affirmation from these two agencies that we remain on sound financial footing,” said Commissioner Chairman Robert G. Loughery. “A lot of hard work and tough decisions go into keeping these financial ratings, some of the highest you can earn. I am very proud of our team and these ratings.”

In its report, Moody’s noted that “Bucks County has solid management evidenced by recent conservative budgeting and modest operating surpluses. The Aaa rating reflects the county’s stabilizing financial operations and reserve levels, sizeable tax base, socioeconomic indicators that exceed state and national medians, and a low debt burden that is expected to remain manageable.”

Back in April, 2010 Moody’s Investors Service upgraded the County’s credit rating, awarding the county it’s first-ever Aaa rating, the highest issued by Moody’s. During September, 2014, Standard & Poor’s Rating Services raised its analysis of Bucks County, from AA+ to AAA, its highest rating.