Standard & Poor’s and Moody’s affirms Oakland County’s AAA bond rating

Standard & Poor’s and Moody's has awarded its highest credit ratings to Oakland County’s short-term and long-term bonds, Oakland County Executive L. Brooks Patterson and Treasurer Andy Meisner announced. Standard & Poor's assigned a SP-1+ rating and Moody's an MIG 1 rating to the county’s $25 million General Obligation Limited Tax Notes Series 2014. The county will utilize the proceeds to purchase a portion of the delinquent property taxes of its underlying local governments. Both … [Read more...]