Moody’s Investors Service upgraded Sarpy County’s bond rating to Aaa, the highest rating offered by the organization. The county previously held an Aa1 rating, the second-highest rating. Both ratings are considered extremely strong.
“This outstanding bond rating is a result of strong growth, a well-thought-out and fully funded pension plan, a thoughtful cash reserve, the investment taking place at Offutt Air Force Base and a strong and healthy financial structure,” said Sarpy County Board Chair Don Kelly.
This is the first time the county has received an Aaa rating, which means Sarpy County will qualify for the lowest possible interest rates, resulting in lower costs for Sarpy County taxpayers. In assigning the rating, Moody’s cited the county’s economic ties to the growing metropolitan area, a low pension burden and stable financial operations with healthy operating reserves.
Board Vice Chair Jim Warren credits the rating to fiscally conservative elected officials and Sarpy County’s administration, specifically Fiscal Administrator Brian Hanson.
“Our rating is a direct result of Brian’s leadership,” Warren said. “He is an incredible asset to Sarpy County, the County Board and all Sarpy County taxpayers. His impact can’t be underestimated.”
Moody’s rates bonds on a scale from Aaa to C, with Aaa bonds being deemed the highest quality with the lowest credit risk.
About Sarpy County
Sarpy County, population 158,840, is just south of the City of Omaha and is home to Bellevue, Gretna, La Vista, Papillion and Springfield. Sarpy County is also home to Offutt Air Force Base.