Moody's Investors Service Assigns Peoria County Aa2 Rating

Press release from the Peoria County Government:

Posted on: August 10, 2020

On August 7, Moody’s Investors Service assigned the rating of Aa2 to Peoria County general obligation debt. Please see the Rating Action and Credit Opinion links below for details.

“I am pleased that Moody’s found our financial situation warranted remaining at our Aa2 level,” states Andrew Rand, Peoria County Board Chairman. “ Our Peoria County Board made multiple difficult decisions this year in order to ensure Peoria County’s finances remain strong. Receiving this rating is a crucial step in taking advantage of refinancing our current debt at more favorable rates and maximizing taxpayers’ dollars.”

The Series 2020A debt certificates referenced in the Rating Action document were for the construction of a bridge on Wilhelm Road. The referenced Series 2020B GOULT bonds were for the Peoria Riverfront Museum building.

Credit Opinion (PDF)

Rating Action (PDF)

This press release was produced by the Peoria County Government. The views expressed here are the author’s own.