The county's 'quadruple AAA" status reflects that it has received the top ratings from all four of the main municipal rating agencies: S&P Global Ratings, Moody’s Investors Service, Fitch Ratings and Kroll Bond Rating Agency.
In August, Henrico became the third county in the nation to receive AAA ratings for general obligation bonds from the four agencies.
“This elite bond-rating status – ‘quadruple AAA’ – underscores Henrico County’s commitment to excellence in fiscal management and leadership in all aspects of governance,” said Board of Supervisors Chair Dan J. Schmitt, of the Brookland District. “These ratings – first with general obligation bonds and now with water and sewer revenue bonds – represent far more than accolades. They translate into lower interest rates and ultimately millions of dollars in savings for our taxpayers as we continue to make strategic investments in facilities and infrastructure that support the county’s high quality of life. These ratings will help us provide tremendous value as we improve and modernize our public utilities system, making it stronger, with enhanced redundancies and resiliency, for all our customers.”
Continue reading Henrico becomes first to earn ‘quadruple AAA’ status for water, sewer bonds
County refinances $118.7 million in bonds, issues $30 million in new bonds
Henrico County issued two sets of bonds for its water and sewer system last week after securing the highest-possible AAA ratings.
Continue reading AAA ratings affirmed for Henrico water, sewer bonds