S&P Reaffirms Orange County’s AA+ Bond Rating, Praises Strong Fiscal Management

S&P Reaffirms Orange County’s AA+ Bond Rating, Praises Strong Fiscal Management

ORANGE COUNTY, N.Y.—S&P Global Ratings reaffirmed Orange County’s AA+ bond rating on Aug. 11. The AA+ rating is one rank below the S&P’s top AAA rating. Bond ratings indicate to investors the stability and safety of an investment. With higher ratings, investors are more likely to invest in county bonds. OC has sold $23.6 million in public improvement serial bonds. The county’s Commissioner of Finance, Kerry Gallagher, told The Epoch Times that t…