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County Credit Rating- Maintain financial strength and operational efficiency |
About this measure |
This indicator provides the County’s most recent credit rating as assigned by Standard & Poor’s and Moody’s. A credit rating is an assessment of the ability of an organization to fulfill their financial commitments. Credit rating data is provided by the Cuyahoga County Office of Budget and Management.
Why is this important? |
The County’s credit rating is an independent assessment of the County’s financial health and management. A high credit rating enables the County to issue debt at lower rates, which decreases the cost of borrowing.
How are we making an impact? |
The County received the highest rating possible from Standard and Poor’s. To maintain a high credit rating, the County will continue to adhere to the County’s financial policies and best practices.
Reporting Agency |
Cuyahoga County Office of Budget and Management
Comparative Analysis |
| County | Standard & Poor's | Moody's |
| Cuyahoga | AA/AAA | Aa2 |
| Allegheny | AA- | Aa3 |
| Franklin | AA+/A-1+ | Aaa |
| Montgomery | A+ | Aa1 |
| Hamilton | A+ | Aa2 |
| Hillsborough | AA | Aaa |
| Lucas | AA | Aa2 |
| Marion | AA | Aaa |
| Summit | AA+ | Aa1 |
Credit Rating |
Cuyahoga County Credit Rating
| Standard & Poor's | Moody's |
| AA*/AAA** | Aa2 |
| 2018 Economic Development Bonds*/ 2017 Sales Tax Revenue Bonds** |
Data Source |
Cuyahoga County: Office of Budget and Management
Comparative Analysis: Standard & Poor's and Moody's
Measure Data |
| Period |
|
Status | S&P | S&P Target | Moody's | Moody's Target |
|---|---|---|---|---|---|---|
| 2016 |
|
Not Defined | ||||
| 2017 |
|
Not Defined | AAA | Aa2 | ||
| 2018 |
|
In Progress | AA | AAA | Aa2 | Aaa |
| 2019 |
|
Not Defined |