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News Release

Larimer County one of only 3 percent of counties in the nation with top credit rating

Department: Board of County Commissioners
Release Date: Mar 3, 2017

Contact Information:

Carol Block, Larimer County Director of Finance, [970] 498-5930

Moody’s Aaa rating of Larimer County has put the County in a good mood, too, after Larimer County was awarded their highest credit rating --- upgraded from Aa2 --- by Moody’s Investors Service. Only Larimer County and one other county in Colorado are presently rated Aaa. Larimer County joins only 97 out of 3,143 counties in the United States to hold this coveted rating.

The rating is an indicator of how the financial industry views the fiscal health of an organization. Having a high credit rating can translate into interest savings for citizens when counties need to borrow funds. Moody’s rating reflects Larimer County’s conservative budgeting practices, manageable debt burden, ample financial reserves, growing tax base, and the importance of Colorado State University. “This is really great news for Larimer County,” said Carol Block, Larimer County Director of Finance. “It’s gratifying to see our strong financial management practices and vibrant economy receive such high recognition.”
 
Moody’s also upgraded the Larimer County Fairgrounds sales tax refunding bonds from A2 to A1, while affirming the Aa3 rating on the Open Space sales tax refunding bonds. 
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