Clermont receives favorable bond rating

Moody’s Investors Service has affirmed Clermont County’s favorable Aa1 bond rating, the second highest bond rating possible. 

Moody’s also assigned an Aa2 rating to the Clermont County Transportation Improvement District’s 2010 bond issue, an increase from the Aa3 rating assigned to the 2007 bond issue.

“These ratings translate into a significant reduction in the cost of borrowing money; it will save taxpayers money due to reduced interest costs,” said Clermont Commissioner Scott Croswell.