Chester County Government has received notification that all three ratings agencies – Moody’s, Standard & Poor’s and Fitch Ratings – have reaffirmed the county’s triple-A rating status for the 12th consecutive year.
In confirming the triple-A ratings, the agencies cited Chester County’s healthy financial position, solid financial management, and strong reserve levels.
Chester County is the only county in Pennsylvania that can claim the distinction of earning three Triple-A ratings from the leading agencies, placing it in the top two percent of counties across America that have consistently earned these top ratings.
Triple-A ratings bring the interest rate associated with the cost of borrowing down significantly, giving Chester County the advantage of producing the lowest cost of debt needed to fund important initiatives. There is no more objective confirmation of the County’s excellent financial management than triple-A ratings and the analysis underlying them.