Amid an unprecedented COVID-19 global pandemic, Moody’s Investors Service upgraded Douglas County’s bond rating from AA1 to the top rating of AAA, the highest possible rating an entity can receive, with a stable outlook.
According to Moody’s, the upgrade reflects the county’s trend of stable financial operations and strong operating reserves coupled with low debt and pension burdens. The strong credit factors are further supported by the county’s conservative budgeting practices that also mitigate the impact of the coronavirus crisis.
