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Commissioners express cautious optimism about Moody's, S&P reviews; audit returns clean report
Summary
Commissioners said preliminary Standard & Poor's and Moody's reviews went well, with the S&P preliminary report due May 23 and Moody's on May 22; commissioners also praised staff for a clean audit with no recommendations.
County leaders reported positive preliminary outcomes from recent credit meetings and an audit and thanked finance staff for preparatory work.
The nut graf: Officials told the work session they expect to receive a preliminary Standard & Poor's report on May 23 and Moody's on May 22 and expressed cautious optimism about retaining their AAA rating. Commissioners praised county finance staff and outside professionals for compiling materials and answering questions from the rating agencies.
A commissioner said, "I am cautiously optimistic that we'll get our AAA rating again," and thanked Betty and the budget committee for preparing the presentation for the rating agencies. Commissioners also noted the audit report was received with no recommendations and described that as strong performance by county financial staff.
No formal action was taken during the work session. Commissioners asked staff to circulate the preliminary S&P report when available and to schedule any follow‑up the rating agencies request.
Ending: County officials said both ratings agencies' reports will arrive in late May, and staff will update the board with final results and any follow‑up items.
