Ramsey County’s officials say they kept a Triple A bond rating from Moody’s Investor Services and Standard & Poor’s for the county’s bond sale earlier this month.
Ramsey is one of only 52 counties out of 3,066 counties nationwide to have that highest possible rating, they said.
Ramsey County Board Chair Victoria Reinhardt said:
“This significant accomplishment reflects the Ramsey County Board’s deep commitment to strong fiscal management and conservative stewardship of taxpayers’ money. … We do all of this without losing sight of the fact that the economy has been especially challenging to our taxpayers.”
Factors cited in the top rating were:
- A relatively stable economic base, which includes St. Paul and its surrounding suburbs, and proximity to employment throughout the Twin Cities area.
- Strong financial management that mitigates the impact of continued state revenue reductions.
- A conservative debt profile.