(WAUKESHA, Wis.) – Waukesha County has been awarded Triple-A bond ratings, the highest possible, from both Moody’s Investors Service and Fitch Ratings. The rating signifies exceptional credit-worthiness and ability to meet financial obligations. This helps lower borrowing costs and the tax rate in Waukesha County.
“Waukesha County’s award-winning budget team continues to live up to their stellar reputation,” said County Executive Paul Farrow. “Our goal every year is to utilize taxpayer dollars in the best way possible while planning for the future. Maintaining our Triple-A bond rating throughout the pandemic highlights our team’s ability to navigate us through many challenges.”
In their report, Moody’s Investors Service highlighted “Waukesha County’s healthy and stable financial position supported by strong management and considerable budgetary flexibility.” They also considered the “County’s large, diverse tax base with strong resident income levels and modest long-term liabilities.”
Fitch Ratings noted in their report that the County’s Triple-A rating “is based on a wealthy and diverse economic base that is likely to demonstrate steady, if slow, continued growth in light of continued commercial development. The county retains substantial untapped taxing capacity and a low long-term liability burden, which combined with the county’s cautious approach to financial management support the rating at the current level.”
About Waukesha Counties Triple-A Bond Rating
This year marks the 33rd consecutive year that Moody’s has awarded, and the 24th consecutive year that Fitch has awarded, Waukesha County this rating. In 1998 Waukesha County became the first government in Wisconsin to be awarded AAA bond rating by Fitch Ratings.