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Lake County keeps AA1 rating; commissioners approve steps to pay down $25 million in jail debt
Summary
County officials told the Board of Commissioners they maintained Moody's AA1 rating and will use recently authorized debt issuances to retire $25 million of short-term notes issued for the public safety center.
Joel DeMar, director of administrative services for Lake County, told the Board of Commissioners that Moody's affirmed the county's AA1 bond rating and that recent debt actions will allow the county to pay down $25 million of short-term notes used for the public safety center.
"I'm pleased to announce some positive news for Lake County," DeMar said. He told the board that he, Jason Boyd and Zach Underwood held a rating call with Moody's and that Moody's released a press statement saying the county maintained its double-A1 rating. "This reflects the continued strength of our financial management,…
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