Vancouver, Wash. ‒ Late last month, Moody’s Investor Services upgraded Clark County’s non-voted bond rating to Aa1, the second-highest rating the agency awards.

Clark County was among 136 local jurisdictions in Washington, Oregon and Montana to receive bond  rating increases. Clark County’s Aa1 rating is a superior rating for a county of our population base and average personal income.

Moody’s assigns the Aa1 designation only to entities that demonstrate superior financial strength and the ability to meet their debt obligations in a timely manner.

The rating upgrade means Clark County’s cost of future borrowing will be lower, and the county will benefit from a broader market from which to purchase debt, which eases the issuance process.

“My finance team and I are pleased with the higher rating from Moody’s,” said County Manager Mark McCauley. “The rating boost speaks to the quality of the county’s financial management and the health of our local economy. We continue to be considered a trusted fiduciary in the marketplace.”

The rating increase from Aa2 to Aa1 puts Clark County’s non-voted debt on par with its voted debt rating.

CONTACT
Mark McCauley
County manager
360.397.2232
mark.mccauley@clark.wa.gov