Sarpy County reports "Moody’s Investors Service" has assigned a Triple A rating to the county’s planned $60 million Limited Tax Highway Allocation Fund Pledge Bonds, Series 2022.
The upcoming bond issue was approved by the Sarpy County Board of Commissioners earlier this month, and the proceeds will be used to improve county roads.
The county says debt service on this bond issue will be funded from state highway allocations provided to the county.
The rating allows Sarpy County to qualify for the lowest possible interest rates when issuing bonds.
In the official Credit Opinion dated April 12th, Moody’s said that Sarpy County’s “favorable economic trends will continue to drive residential and commercial development to support both tax base and revenue growth. The county has strong and stable reserves and maintains some revenue raising flexibility.”
(Picture from Sarpy County Government)