Media Release

ALACHUA COUNTY, FL - Moody's credit rating agency has released Alachua County's rating report and affirmed all of the County's bond ratings. The affirmed ratings will allow the County to enter debt markets, when needed and obtain very competitive interest rates on future borrowings.

County Manager Randall H. Reid commented, "We can be proud that we have continued to be recognized by rating agencies for following sound fiscal practices and policies during this historic economic down turn and have made prudent and necessary fiscal decisions in the midst of a multi-year trend of diminished operating revenues."

Alachua County Finance Director Todd Hutchison said of the rating, "During these turbulent times many public sector entities & corporate entities are having their credit ratings downgraded or put on negative outlook because of the overall downturn in the economy. The fact Moody’s affirmed all of the County’s credit ratings is very positive news."

Click here to view the Moody's report.

For more information, contact Alachua County Finance Director Todd Hutchison at 352-374-3605.