Good Financial News for Chester County

The Chester County Commissioners have announced the reaffirmation of the county’s AAA bond ratings from Standard & Poor’s, Fitch Ratings and Moody’s Investors Service. 

“There's no more objective, comprehensive and validating measure of our excellent financial management than these ratings and the analysis underlying the ratings,” Commissioners’ Chair Ryan Costello said in a release. “AAA ratings bring the interest rate associated with the cost of borrowing down significantly. To put this into context, with these high ratings, County taxpayers will save $1 million on the overall investment that is being made for the new Emergency Services voice radio communication system.”

The continued Triple-A ratings from all three agencies reflect Chester County’s success in achieving and maintaining its strategic plan priority of Smart Financial Management.   

“The county has an outstanding record of managing for results. The bond ratings came about, and have been maintained because of the county’s management philosophy,” said Commissioner Terence Farrell said in a statement.