Wall Street Bullish on Will County Credit
JOLIET—Will County Board members today applauded the decision by Moody’s and Standard and Poor (S&P) to maintain the investment grade rating for Will County bond sales. Moody’s pegged Will County at an Aa1 rating while S&P issued an AA+ bond rating. Both are considered investment grade ratings.
“The decision by S&P and Moody’s to keep our high bond ratings is a feather in our cap that will pay dividends to our taxpayers down the road in the form of more favorable interest rates on debt that we take on,” said Chairman of the Will County Board Finance Committee Ken Harris (Bolingbrook.)
“The decision by S&P and Moody’s to keep our high bond ratings is a feather in our cap that will pay dividends to our taxpayers down the road in the form of more favorable interest rates on debt that we take on,” said Chairman of the Will County Board Finance Committee Ken Harris (Bolingbrook.)
The economic downturn during the past years’ pandemic has placed many governments across the country on shaky financial footing meaning that good credit ratings from Wall Street are doubly important.
“The hard work of the Will County Board over numerous years to balance our budgets and create stronger financial polices has paid off in the form of solid ratings,” said Speaker of the Will County Board Mimi Cowan (Naperville.) “My hat is off to Chairman Harris and the members of the Finance Committee for making the tough decisions that helped achieve this distinction.”
The high bond ratings from S&P and Moody’s will translate potentially into millions of dollars saved in lower interest rates that will be paid on any bonds that Will County issues for capital improvements down the road.
These recent credit ratings were issued preceding the sale of bonds by the county to construct a renewable natural gas plant at the Prairie View Landfill.
“We have some capital projects coming up including the natural gas plant and a new morgue,” said Minority Leader Mike Fricilone (Homer Glen.) “Maintaining these strong financial ratings positions Will County for success in the future.”
“The hard work of the Will County Board over numerous years to balance our budgets and create stronger financial polices has paid off in the form of solid ratings,” said Speaker of the Will County Board Mimi Cowan (Naperville.) “My hat is off to Chairman Harris and the members of the Finance Committee for making the tough decisions that helped achieve this distinction.”
The high bond ratings from S&P and Moody’s will translate potentially into millions of dollars saved in lower interest rates that will be paid on any bonds that Will County issues for capital improvements down the road.
These recent credit ratings were issued preceding the sale of bonds by the county to construct a renewable natural gas plant at the Prairie View Landfill.
“We have some capital projects coming up including the natural gas plant and a new morgue,” said Minority Leader Mike Fricilone (Homer Glen.) “Maintaining these strong financial ratings positions Will County for success in the future.”
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