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