Oneida County Credit Ratings Remain High
There's some good financial news for Oneida County.
The three national major credit rating agencies have once again issued stellar credit ratings for the county.
Fitch again rated Oneida County AA for 2018, while Standard and Poors repeated its AA- rating and Moody's reaffirmed its A1 status.
The agencies pointed to several county management factors that contributed to their decision, including strong management and good financial policies and practices.
Both Fitch and S&P continued to proclaim the county in stable financial condition.
“Strong, conservative fiscal policies of cutting spending and limiting our debt have created a strong financial foundation that allows us to invest in our community and grow our tax base,” said Oneida County Executive Anthony Picente. “The three national credit agencies have once again confirmed our conservative approach by maintaining our stellar credit ratings.”