Olmsted County receives Aaa/AAA ratings from Moody's and S&P

Olmsted County receives Aaa/AAA ratings from Moody's and S&P

Olmsted County receives Aaa/AAA ratings from Moody's and S&P

Despite economic uncertainties and other challenges due to the pandemic, in 2020, Olmsted County once again received a Aaa/AAA credit rating (with a stable outlook) – the highest possible rating – from both Moody’s Investors Service and S&P Global Ratings. The rating designation equates to significant taxpayer savings by lowering the cost of borrowing for the county. Olmsted County received the Aaa/AAA designation for the first time in 2002. 

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During the August meeting of the COAERS Board of Trustees, the Board voted to approve the final date for implementing the recent changes in actuarial assumptions.

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