Dallas County is said to have very little credit risk, according to Moody’s.
The bond credit rating business has assigned an Aa1 rating to Dallas County’s $7.2 million in general obligation capital loan notes and maintained the Aa1 rating assigned to the county’s outstanding debt.
As we’ve reported, Dallas County plans to issue $7,230,000 in bonds to finance improvements to the 911 radio communication system and refund existing debt for interest cost savings.
The Aa1 rating “reflects the county’s healthy and growing reserves and liquidity, sizeable tax base experiencing strong economic growth and above average socioeconomic indicators.”
The County is expected to sell the bonds next Tuesday, October 27th.