| County Credit Rating- Maintain financial strength and operational efficiency |
About this measure |
This measure 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.
Data are provided by the Cuyahoga County Office of Budget and Management on an annual basis.
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 excellent credit ratings from both Standard & Poor’s and Moody's. To maintain a high credit rating, the County will continue to adhere to the County’s financial policies and best practices.
Performance Target |
Standard & Poor's Credit Rating (Annual): AAA
Moody's Credit Rating (Annual): Aaa
Credit Rating |
Cuyahoga County Credit Rating
| Standard & Poor's | Moody's |
| AA | Aa3 |
Comparative Analysis |
| County | Moody's |
| Cuyahoga | Aa3 |
| Allegheny | Aa3 |
| Franklin | Aaa |
| Montgomery | Aa1 |
| Hamilton | Aa2 |
| Hillsborough | Aaa |
| Lucas | Aa2 |
| Summit | Aa1 |
Data Source |
Standard & Poor's and Moody's (Month of Update: January)
In 2020, the County discontinued reporting of S&P ratings for comparative analysis communities as S&P ratings are not updated annually for all communities.
Measure Data | Last Calculated an hour ago |
| Period |  | Status | S&P Rating - Actual | S&P Rating - Target | Moody's Rating - Actual | Moody's Rating - Target |
|---|---|---|---|---|---|---|
| 2015 | | Not Defined | ||||
| 2016 | | Not Defined | ||||
| 2017 |  | In Progress | AAA | Aa2 | ||
| 2018 | | In Progress | AA | AAA | Aa2 | Aaa |
| 2019 | | Making Progress Toward Target | AA | AAA | Aa2 | Aaa |
| 2020 | | Making Progress Toward Target | AA | AAA | Aa3 | Aaa |
| 2021 | | Not Defined |