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Moody’s Upgrades Collier County, Florida’s Special Obligation Revenue Bonds to ‘Aaa’

In a report dated January 25, 2023, Moody’s assigned its highest rating to Collier County, Florida’s Special Obligation Revenue Bonds

The upgrade reflects the change in the analytical considerations related to instrument-specific considerations in the new US Cities and Counties Methodology, which differs from those in prior methodologies. The upgrade places the non-ad valorem debt (Special Obligation Bonds) at the same level as the respective issuer rating. While there are some limitations on the revenues, these constraints aren’t meaningful given the breadth of the basket of revenues and the ability of the issuer to actively control and manage them.

Bond ratings are important indicators of the creditworthiness of the Collier County Government and the debt it issues. The ‘Aaa’ rating will enable Collier County to borrow at lower, more favorable interest rates, saving taxpayers millions of dollars over the life of the bonds. 

“Together, the Clerk and Comptroller’s Office, the Board of County Commissioners, County Administration and the County’s Office of Management and Budget work diligently to secure the best possible ratings for our county,” said Collier County Clerk and Comptroller Crystal K. Kinzel. “I want to recognize the effort and cooperation put forth to achieve these results for our citizens.”

For more information, contact Derek M. Johnssen, Director of Finance and Accounting at (239) 252-7863.