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Major Investment And Analysis Firm Gives Historic Rating To Lane County

Chris Phan
/
Flickr.com

Lane County’s credit rating has been given its best score ever.  KLCC’s Brian Bull reports.  

Moody’s investors service recently reviewed the county’s economy, tax base, debt, and finances…and bestowed a rating of Aa2, indicating a “very low credit risk”.

Steve Mokrohisky is the Lane County Administrator.  He says this bodes well for county operations.

“We’ll be able to refinance existing debt at lower interest rates, it will save taxpayer resources, and if we’re going out for a project, and we need to issue debt for that project we can borrow money at a lower interest rate than we’d otherwise would be able to," he tells KLCC.  

"So the end result for taxpayers is they’ll pay less in financing public projects.” 

Mokrohisky says Moody’s has steadily inched up Lane County’s credit rating since 1993.  He attributes their score to controlling internal expenses and reducing their dependence on reserves.   

Copyright 2017,  KLCC.

Brian Bull is an assistant professor of journalism at the University of Oregon, and remains a contributor to the KLCC news department. He began working with KLCC in June 2016.   In his 27+ years as a public media journalist, he's worked at NPR, Twin Cities Public Television, South Dakota Public Broadcasting, Wisconsin Public Radio, and ideastream in Cleveland. His reporting has netted dozens of accolades, including four national Edward R. Murrow Awards (22 regional),  the Ohio Associated Press' Best Reporter Award, Best Radio Reporter from  the Native American Journalists Association, and the PRNDI/NEFE Award for Excellence in Consumer Finance Reporting.
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