OTTAWA COUNTY — Ottawa County has re-secured its AAA bond rating from Moody’s, assuring the county and the various municipalities within it of the best credit rating to finance their respective debt.
Ottawa County residents will save an estimated $1 million in interest costs because of the top rating, said Administrator Patrick Waterman.
“This AAA rating affirms that Ottawa County continues to approach its finances with care, discipline, and a long-term view,” Waterman said. “Independent recognition from Moody’s matters because it reflects both our financial strength and our commitment to being good stewards of public resources.”
The financials explained
Moody’s, a subsidiary of Moody’s Corp, is a leading global credit rating agency that provides forward-looking opinions on the relative credit risk of debt obligations, financial institutions, and governments…