READING, Pa. \u2013 The Berks County Commissioners announced on Thursday the county was informed this week that its Aaa bond rating was reaffirmed with Moody\u2019s Ratings.<\/p>\n
The county has had an Aaa rating since 2019.<\/p>\n
Commissioner Christian Y. Leinbach congratulated the budget team under the leadership of Chief Financial Officer Laura Jones.<\/p>\n
\u201cThis is the first time in her new role as CFO that she has had to defend our Aaa bond rating,\u201d Leinbach said. \u201cI will reiterate; we’re one of only 5% of counties in the Commonwealth and 5% of counties in the country with that bond rating. It says a lot about the fiscal management of the county.\u201d<\/p>\n
Moody\u2019s Ratings is the credit ratings division of Moody\u2019s Corporation and provides international financial research on bonds issued by commercial and government entities.<\/p>\n
The company ranks the creditworthiness of borrowers using a standardized ratings scale which measures expected investor loss.<\/p>\n
In Moody\u2019s ratings system, securities are assigned a rating from Aaa to C, with Aaa bring the highest quality.<\/p>\n
Last week the commissioners adopted an ordinance to incur up to $40 million in new debt through the issuance of general obligation bonds for various capital improvement projects.<\/p>\n
The Aaa rating ensure those bonds will be issued with the best possible interest rates.<\/p>\n","protected":false},"excerpt":{"rendered":"READING, Pa. \u2013 The Berks County Commissioners announced on Thursday the county was informed this week that its…\n","protected":false},"author":2,"featured_media":149232,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[349,10200,68179,24147,68178,28,128,130,129],"class_list":["post-149231","post","type-post","status-publish","format-standard","has-post-thumbnail","category-reading","tag-berks-county","tag-christian-y-leinbach","tag-fiscal-management","tag-laura-jones","tag-moodys-corporation","tag-pennsylvania","tag-reading-city","tag-reading-city-headlines","tag-reading-city-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/149231","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/comments?post=149231"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/149231\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media\/149232"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media?parent=149231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/categories?post=149231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/tags?post=149231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}