Moody’s Report Affirms Triple A Credit Rating for Bucks County
Moody’s Investors Service this week affirmed Bucks County’s Aaa bond credit rating in the latest sign of the county’s improved financial footing under the current administration.
Published Tuesday, the new report from Moody’s gave the county’s finances a “stable” outlook, crediting the county’s tax base and its low, rapidly decreasing debt burden, among other factors.
“It remains a top priority of this administration to bolster the county’s finances for the present and the future,” said Commissioner Chair Bob Harvie. “Thanks to the hard work of county staff and management, this rating from Moody’s shows we’re succeeding in doing just that.”
The agency said the outlook “reflects an expectation that the county’s recently improved finances will remain solid in the near to medium term.”
Moody’s report on the county’s finances comes less than four months after S&P Global Ratings upgraded the county’s outlook from negative to stable in a report that affirmed the county’s AAA credit rating and cited “strong management with good financial practices.”