Placers credit rating upgraded |

Placers credit rating upgraded

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.

Support Local Journalism


Support Local Journalism

Readers around Lake Tahoe, Truckee, and beyond make the Sierra Sun's work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Your donation will help us continue to cover COVID-19 and our other vital local news.

For tax deductible donations, click here.

Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User