St. Johns County in Florida’s Utility Department has received an Aa1 credit rating from Moody’s Investors Service. The rating upgrades the County’s water and sewer bonds and applies the same Aa1 rating to new bonds issued in 2026, all with a stable outlook.
Neal Shinkre, head of the St. Johns County Utility Department, oversees operations that contributed to the department receiving the Aa1 rating. The rating may help facilitate more efficient funding for infrastructure projects, manage long-term costs, and support the continued delivery of reliable utility services to residents, according to St. Johns County.
According to Moody’s, the high rating reflects the County’s effective financial management and stable outlook. The assessment highlights the department’s ability to manage resources efficiently and maintain the flow of funds to support its operations and obligations.
The Aa1 credit rating from Moody’s, one level below the agency’s highest, allows the Utility Department to access funding for water, wastewater, and reclaimed water projects more efficiently. The rating supports the continued delivery of these services with financial stability and planning in place to maintain reliable operations for residents of St. Johns County.
