Sussex County has received a “Triple A” bond rating from the nation’s leading investment analysis firm.
Moody’s Investors Service upgraded Delaware’s southernmost County’s general obligation bond rating, a credit score for business and governments from Aa1 to Aaa, the highest possible score. Officials say this represents a significant change and a first time achievement.
The rating signals more affordable loans for the County government, and makes Sussex County more attractive to investors who buy the bonds used to pay for the County’s capital projects, like wastewater construction.
County Administrator Todd Lawson said “Achieving the AAA bond rating is an historic moment for County government, and all the credit goes to our Finance Director Gina Jennings for her efforts the last several years to put the County in the best financial position possible.” He continued “Our taxpayers should rest assured that this government is being managed to the highest standard.”