$12 million bond issue to fund mental health, airport & storage projects
S&P Global Ratings has assigned Hamilton County its highest credit rating – a ‘AAA’ long-term rating – on the County’s anticipated $12 million general obligation (GO) Series 2025 bonds. The rating outlook is stable. S&P has also reaffirmed the county’s ‘AAA’ long-term rating on its other outstanding general obligation and lease debt.
Maki
“This rating is a direct reflection of the County’s responsible financial stewardship and strategic planning,” County Council President Sue Maki said. “By earning and maintaining a AAA rating, Hamilton County is able to finance critical projects at the lowest possible cost, saving taxpayer dollars while improving services.”
Officials plan to use the bond proceeds to fund mental health facilities and the acquisition of a storage facility and the Sheridan Airport.
S&P analysts cited Hamilton County’s “very strong economic profile, characterized by robust economic growth,” and its “strong budgetary management practices” that “have enabled the county to maintain an extremely strong reserve position while managing its operating and capital expenditure growth.”
Dillinger
“This just demonstrates the strength of Hamilton County’s economy and the prudence of our financial management,” said Steve Dillinger, President of the Hamilton County Commissioners. “It ensures we can continue to invest in projects that directly benefit our residents while preserving our long-term financial health.”
Hamilton County remains one of only a handful of counties nationwide to maintain a AAA bond rating, the highest rating awarded by S&P.