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Communications Office - Media Releases

CONTACT: Mark Sexton, Communications Coordinator
PHONE: (352) 374-5204; CELL: (352) 283-2317
EMAIL: msexton@alachuacounty.us

For Immediate Release



Alachua County's Credit Report

10/27/2010 4:35 PM

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.

If you have a disability and need an accommodation in order to participate in a County program, service or public meeting, please contact the Alachua County Equal Opportunity Office at (352)374-5275 at least 3 business days prior to the event. TTY users please call 711 (Florida Relay Service).

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Under Florida law (Statute 119.011), all information, including e-mail, written letters, documents and phone messages, sent to the Alachua County Board of County Commissioners is subject to Public Records law. This includes the sender's e-mail address, home address or phone number if shown in the message, the content of the message and any associated attachments to the mail. Also please be aware that electronic correspondence (e-mail) is made available on the Commission's public archive site immediately upon being sent. Instead, contact Alachua County Offices by phone or in writing.