News Flash Home
The original item was published from 6/3/2021 2:00:00 PM to 1/1/2022 12:00:00 AM.

News Flash

Linn County Front Page News

Posted on: June 3, 2021

[ARCHIVED] Moody’s Assigns Aaa Rating to Linn County’s General Obligation Bonds

Green sign with AAA rating

Moody’s Investors Service has assigned a Aaa rating to Linn County’s $5.1 million general obligation (GO) Water and Land Legacy Bonds, Series 2021A, reflecting Linn County’s continued financial stability and commitment to be responsible stewards of public dollars. Moody's also maintained a Aaa rating on Linn County's previously issued general obligation unlimited tax debt. The Aaa bond rating is the highest credit rating possible from Moody’s and translates into substantial savings for taxpayers through lower interest rates.

The outlook on the GO rating is stable, reflecting Moody’s expectation that the County's credit quality will remain strong given the health of the regional economy and Linn County's sound financial position and is supported by the County's large and growing economic base that includes the metropolitan area. The rating also reflects the County's healthy financial position with a high degree of legal revenue raising flexibility and liquidity, and moderate debt and pension burdens, according to Moody’s statement.

“We work diligently each year across County departments to make responsible budgetary decisions and demonstrate accountability to taxpayers. This rating is a positive sign of Linn County’s financial stability and affirms the success of our efforts,” Linn County Finance Director Dawn Jindrich said.

In November 2016, Linn County residents passed the $40 million Linn County Water and Land Legacy Bond project by nearly 74 percent. The multi-year bond project will help protect water quality and natural areas and fund improvements to Linn County parks and trails. 

Learn more about the Water and Land Legacy Bond project.

Facebook Twitter Email

Other News in Linn County Front Page News

Road Closed

Walker Road Closed for Paving Project

Posted on: August 7, 2023
June is PTSD Awareness Month and hands holding a teal ribbon

June is PTSD Awareness Month

Posted on: June 27, 2023
Building Safety Month 2023

May is Building Safety Month

Posted on: May 4, 2023
Houses on a neighborhood street

Property Assessment Increases

Posted on: March 16, 2023
FY22 Annual Report Cover showing various photos of County employees

Linn County Releases FY22 Annual Report

Posted on: December 29, 2022