One of the three major credit rating institutions has upgraded Oneida County's credit rating.

Standard and Poors has raised the county's rating from A+ to AA-..

Comptroller Joseph Timpano says Standard and Poors cited several reasons for the upgrade.

He says that includes strong management and good financial policies.

Timpano says the credit rating upgrade means a much lower interest rate when the county sell bonds, resulting in a savings to taxpayers.

The other two major credit rating institutions, Moody's and Fitch, maintained their ratings for the county.

Both Fitch and Standard and Poors have also given Oneida County a stable outlook.