A report from a nationally recognized statistical ratings organization, Moody’s Investor Service, has recently upgraded Brazoria County’s bond rating. A bond rating is much like an individual’s credit score. It reflects the financial health of the county and the ability to finance projects at the lowest rates in the market.
Moody’s Investor Service has assigned an Aa1 rating to Brazoria County. “This upgrade from an Aa2 reflects the county’s growing tax base, as well as the stable financial performance and solid reserves,” stated in a press release by Moody’s.
“We will continue to strive to manage the County’s finances as conservatively as possible and I am pleased that Moody’s Investor Service recognized this with an upgraded bond rating,” said County Judge Matt Sebesta.
This bond upgrade and the reduction of the tax rate recently approved by Commissioners’ Court provide positive signs of the County’s stable and growing economy. All of these factors continue to make Brazoria County a great place to live.