Sussex County maintains triple-A bond rating

Sussex County has received the top ‘Aaa’ bond rating from Moody's Investors Services, following a review of cities and counties nationwide, and the application of new methodology in scoring bond rating awards. Sussex County first won Moody’s Aaa bond rating in July 2019.

The county maintained its rating amid a number of jurisdictions – some 300 nationwide – that either improved or were downgraded, based on a new calculus applied by the bond credit rating group.

In addition to Moody’s highest bond rating, Sussex County also holds a AAA score from S&P Global Ratings, first awarded in 2020.

Maintaining the highest credit ratings possible means more affordable loans for county government, and makes Sussex County more attractive to investors who buy the bonds used to pay for the county’s capital projects, such as public wastewater construction.

“Achieving and then maintaining the highest credit ratings is no easy task, but with our strong finances and diligent management practices, the county is in the fortunate position to have won and kept its status,” said Sussex County Finance Director Gina Jennings. “That is good news for the county and for our taxpayers, whose trust and faith in how we manage their money is the most important rating of all. We are proud to have that approval, from Wall Street to Main Street.”