S&P Global Ratings has assigned an AA+ and Moody’s Investor Services has assigned an Aa1 rating to Will County’s upcoming $175M bond issuance. This review process also resulted in an affirmation of these ratings to the county’s existing debt. The ratings were based upon key rating drivers such as healthy reserves supported by strong financial operations, a robust regional economy, and manageable long-term liabilities. Each agency also assigned a “stable outlook” to the county based upon these attributes.
“Due to Will County’s fiscally conservative approach, we have maintained this AA+ rating from S&P since 2008,” said Will County Executive Larry Walsh. “Will County is able to pay its bills and when many governmental bodies are facing challenging financial outlooks, Will County is fiscally sound and moving forward.”