Ottawa County Bond Rating (Moody's)
Interpreting Moody's Credit Rating Options
- Minimal credit risk, highest quality rating
- Very low credit risk, high quality rating
- Low credit risk, high quality rating
- Moderate credit risk, may possess speculative characteristics
- Substantial credit risk, speculative elements
- Very high credit risk, poor standing
- Little prospect for recovery of principal or interest, typically in default
Explanation of the Indicator
Ottawa County's bond rating is a measure of its financial reputation. A good bond rating enables a county to borrow money for construction projects and other needs at the most competitive rates available, thereby saving taxpayer dollars through lower interest payments. Ottawa County received Moody's highest bond rating in 2010.
In some cases, County-level data are not available from the same data source used by the State. In other cases, County-level data are not available for the same time frame used by the State. In these instances, data sources and time frames were selected that most closely match those of the State. Due to this difference, it must be noted that comparisons may not be completely equivalent in all cases. Michigan's data source is Michigan's Department of Treasury. Ottawa County’s data source is the Ottawa County Fiscal Services Department. When this page was last updated in August 2018, 2017 data was the most recent data available from these sources.