Placers credit rating upgraded | SierraSun.com

Placers credit rating upgraded

Sierra Sun staff reports

Placer Countys credit rating was upgraded by two leading credit-research services recently.The county is the only government agency in the county with ratings this high, County Treasurer-Tax Collector Jenine Windeshausen told the board of supervisors in a memo. In the Sacramento region, the city of Sacramento is the countys only rating peer. On a statewide basis, the county is among a handful of counties with ratings in categories this high.Windeshausen told the board that Placer County has the highest rating given by Moodys to counties in California. Only Santa Clara and Marin counties have higher ratings with Standard & Poors among the states 58 counties, she said.The credit-rating reviews were prompted partly by the countys decision to refinance long-term debt it incurred in 1997 to finance construction of the Larry Oddo Finance Administration Building at the DeWitt Center in North Auburn.