Oakland County's AAA bond rating affirmed

Oakland County Treasurer Andy Meisner announced Monday that Oakland County has maintained its AAA bond rating with the Standard & Poor's and Moody's ratings agencies after review of the rating relative to $25 million in delinquent tax notes issued by the Treasurer's Office.

"Standard & Poor's and Moody's affirming Oakland County's AAA bond rating saves our taxpayers, the county and local governments real money," said Meisner. "This is a testament to decades of strong fiscal management and excellent collaboration between our colleagues at the county."

Oakland County's AAA bond rating comes from years of prudent fiscal management and governance, with a focus on a 3-year rolling budgeting strategy, maintenance of equity in the Delinquent Tax Revolving Fund, and many successes in attracting new jobs and industries to Oakland County.

Published: Wed, May 8, 2013