Baldwin County's credit rating improves

Top agencies reclassify Baldwin in time for $24.6 million bond issue
Sunday, April 27, 2008
By RYAN DEZEMBER
Staff Reporter

Baldwin County's credit rating, which dictates how much taxpayers shell out to borrow money for large projects, was boosted this month by the nation's top two ratings firms.

Moody's and Standard & Poor's both announced that they had increased the county's creditworthiness to levels that few governments in Alabama can match.

On the Moody's system the county went from Aa3 to Aa2, while on the Standard & Poor's scale the county jumped from AA to AA+. Those ratings are just below the highest possible score on both scales.

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