Fitch Ratings has affirmed an AA+ bond rating for Will County based upon key rating drivers such as healthy financial reserves, a robust regional economy and manageable long-term liabilities, according to a news release from the county.
This favorable bond rating enables the county to negotiate better interest rates when issuing new bonds.
“Due to Will County’s fiscal prudence, we have maintained this AA+ rating since 2008,” Will County Executive Larry Walsh said in the release. “Will County is able to pay its bills on time while allocating revenue for important future projects.”
Will County was commended for its financial performance over the past five fiscal years. The county expects its ending fund balance for 2013 to be in line with the fiscal 2012 performance.