News Flash

Executive - Press Release

Posted on: January 26, 2015

AAA Credit Rating Assigned to County’s Upcoming $186 Million GO Bond Offering

Citing its strong financial management and conservative budgeting practices, New Castle County’s AAA credit rating has been affirmed by all three major rating agencies, with an outlook of ‘stable.’ New Castle County is preparing for a $186 million general obligation bond issuance, which includes the refinancing of higher interest rate bonds to more favorable current market yields.

“Strong financial management has been one of the hallmarks of my administration,” said County Executive Gordon, who was the County Executive that first achieved the AAA credit rating for New Castle County. “Our debt burden remains low and our financial reserves remain high.”

“Our AAA credit rating is a direct function of our strong balance sheet, which was bolstered by a historic financial turnaround during the first two years of the Gordon Administration”, said Chief Administrative Officer David Grimaldi.

Fitch, Moody’s and Standard & Poor’s comprise the three credit rating agencies. AAA is the highest rating, and “stable” that means that the rating given is not likely to change.

“New Castle County's continued ‘AAA’ rating is a testimony of the prudent fiscal management with strong and well-embedded fiscal policies initiated by the original and current Gordon Administrations," said Chief Financial Officer Michael Coupe.


Additional Info...
Facebook Twitter Email

Other News in Executive - Press Release

Disaster Declaration Update

Posted on: October 27, 2021

WOW! What is going on with the sun?

Posted on: August 16, 2017

Holiday event canceled at Carousel Park

Posted on: December 5, 2016
Mannequin Challenge moment (3).jpg

Donations sought for prom gown giveaway

Posted on: November 15, 2016

“Year of the Senior Citizen” Declared

Posted on: February 11, 2016

County resumes normal operating hours

Posted on: January 26, 2016

Fishing begins at Glasgow Park

Posted on: November 16, 2015
Isaiah Thompson.jpg

Plummer Center Escapee Captured

Posted on: June 10, 2015

NCCPD Officers Help Choking Child

Posted on: May 10, 2015

Statement on Ordinance 15-015

Posted on: April 14, 2015

New Castle County Dog Licenses Due March 2

Posted on: February 25, 2015

Board of Adjustment Meeting Canceled

Posted on: January 22, 2015

County’s New Website Now Live

Posted on: March 18, 2014

New Castle County Dog Licenses Due March 1

Posted on: February 24, 2014