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Kendall County gets rating upgrade from Moody’s · Kendall County News - Shaw Local

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  Speaker 1: Kendall County gets rating upgrade from Moody's. Written by Shaw
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  Speaker 1: Local News Network, This article is being read by an
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  Speaker 1: automated voice brought to you by Everlett. Kendall County has
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  Speaker 1: received a ratings upgrade to AAA from Moody's Ratings, its
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  Speaker 1: highest possible rating. This upgrade reflects the county's strong financial
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  Speaker 1: management and growing economic base, the county said in a
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  Speaker 1: news release. In making the ratings upgrade, Moodies recognizes Kendall
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  Speaker 1: County's strong reserves, modest debt levels, and continued economic growth
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  Speaker 1: within the Greater Chicagoland region, the county said and the release,
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  Speaker 1: the county's financial strength is demonstrated by high liquidity levels
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  Speaker 1: and a strong available fund balance relative to revenues. The
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  Speaker 1: release said. This top tier credit rating reflects Kendall County's
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  Speaker 1: long standing commitment to responsible financial management. Kendall County Board
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  Speaker 1: Chairman Matt Kellogg said in the news release, it is
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  Speaker 1: a testament to the work of our county Board, finance Department,
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  Speaker 1: and treasurer, who prioritize fiscal discipline while continuing to invest
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  Speaker 1: in services and infrastructure that support the residents. In the
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  Speaker 1: same announcement, Moodies upgraded the rating of the Kendall County
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  Speaker 1: Forest Preserved District's General Obligation Limited Tax SCULP debt from
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  Speaker 1: AA three to AAA eight, placing it at the highest
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  Speaker 1: rating level. An AA rating is the highest rating offered
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  Speaker 1: by Moody's, indicating the lowest credit risk and the strongest
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  Speaker 1: ability to meet financial obligations. The designation results in lower
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  Speaker 1: borrowing costs for the county, helping reduce the amount of
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  Speaker 1: taxpayer dollars spent on interest if the county were to
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  Speaker 1: issue debt to fund future infrastructure and capital projects, the
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  Speaker 1: county said in the release.