Thurston County has earned an AA+ rating from S&P Global Ratings for its newest bond issuance, matching its previous year's accomplishment. The rating highlights the county's stable fiscal condition and a serious approach to managing its finances. The S&P report, as cited by Thurston County's official news release.
During a time of continued economic challenges, this AA+ bond rating, according to Tye Menser, Chair of the Board of County Commissioners, represents not just a financial win for the county, but it stands as a significant achievement. "Maintaining this strong AA+ rating is a significant achievement for Thurston County," Menser told Thurston County, expressing the county's dedication to fiscal responsibility that has enabled crucial investment in the community's infrastructure and services.
Leonard Hernandez, the County Manager, cited the teamwork across county departments as a cornerstone of the good rating. He mentioned, "This AA+ rating is a testament to the hard work and dedication of our entire team," indicating that Thurston's financial transparency, responsible budget practices, and long-term planning were key factors, as per Thurston County news release.
Emphasizing the county's financial stability, Assistant County Manager Robin Campbell recognized their robust reserves and manageable debt contribute to the county's fiscal health. "This rating is a testament to the county’s strong financial position," Campbell offered while discussing with Thurston County. Campbell's remarks showcased the county's financial strategies and sound financial practices that have led to achieving and maintaining the AA+ rating.
