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Navajo County Receives AA Bond Rating from Standard and Poor

  • 25 February 2021
  • Author: Tom Franklin
  • Number of views: 1799
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Navajo County receives AA Bond Rating from Standard & Poor

 

Holbrook, AZ – Navajo County is pleased to announce that Standard & Poor’s (S&P) awarded an AA Bond Rating for its 2021 Obligations and planned refinancing of existing bonds. The AA Bond
Rating is a reflection of the County’s general creditworthiness and stable financial outlook, and will help the County achieve the best possible interest rate. The move to refinance the County’s
existing bonds is expected to save taxpayers between $644K to $996K over the next ten years.

“S&P’s AA Bond Rating is a tremendous accomplishment and a well-deserved recognition of the County’s disciplined financial management and planning,” said Navajo County Chairman Daryl
Seymore. “I think our residents should be proud and confident in the professionalism and prudent management by our Elected Officials and Staff.”

The AA Bond Rating reflects the work that has been accomplished over the past several years to
position the County going into the future. S&P Global Ratings credit analyst Andrew Bredeson
stated, "The stable outlook reflects our expectation that the county's general creditworthiness
will likely remain stable, supported by very strong reserves and manageable expenditure
growth.”

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For more information:
Contact Bryan Layton
Assistant County Manager
Office: (928) 524-4152
[email protected]

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