Moody’s: OC’s Finances Improve From Negative to Stable Outlook

Moody's Investors Services recognizes the change in County's financial outlook
September 7, 2016 Updated: September 7, 2016
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Moody’s Investors Services gave Orange County’s finances an Aa3 rating and a stable outlook, it announced Sept. 2.  The County received an Aa3 rating on its debt last year but a negative outlook.

“The Aa3 rating incorporates the county’s below average reserves which are expected to stabilize and then increase in the near term. The rating also factors the modest debt and pension burden, large tax base that has recently stabilized after consecutive years of contraction,” the Moody’s report said.

Moody’s affirmed an Aa3 rating on the county’s $219.6 million in outstanding debt, down from $283.9 million last year, the credit agency reported. 

According to Moody’s website, they are “a leading provider of credit ratings, research, and risk analysis” and  and do ratings in over 130 countries. 

To contact this reporter, email colin.fredericson@epochtimes.com