Bond ratings remain on top
DOYLESTOWN Bucks County officials, scheduled to release their preliminary 2016 operating budget Wednesday, announced last week that both Moody's and Standard & Poor's ratings services reaffirmed the county's AAA bond ratings.
"This is great news again, to receive further affirmation from these two agencies that we remain on sound financial footing," said Commissioners 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."
In its report, according to county officials, Moody's said the "rating reflects the county's stabilizing financial operations and reserve levels, sizable tax base, socio-economic indicators that exceed state and national medians, and a low debt burden that is expected to remain manageable."