MINFORD- The Scioto County Board of Commissioners, Scioto County Economic Development Office, Southern Ohio Port Authority, JobsOhio, and Ohio Southeast Economic Development celebrated the groundbreaking of the first spec building
Moody’s upgrades Scioto County’s issuer rating to Aa3
Staff report
SCIOTO Following what was described as a successful meeting, Scioto County received an upgraded issuer rating and rating on outstanding general obligation limited tax bonds from Moody’s Investor Service.
As described in a press release, the New York City-based company said the shift from an A1 rating to Aa3 “reflects its positive property valuation and sales tax trends which have contributed to very healthy reserves that will be further bolstered by an infusion of federal funds.”
In addition to the rating, where Scioto is now considered a very low credit risk, the county had no outstanding general obligation unlimited tax debt.