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Ocean County keeps AAA bond rating from Moody's and Fitch

County commissioners said the top rating, which Ocean County has held since 2010, lets it borrow at lower interest rates for roads, bridges and county buildings.

Ocean County has again received a AAA bond rating, the top rating, from Moody's Investors Service and Fitch Ratings, with a stable outlook, the county Board of Commissioners said Friday.

The county first earned the AAA rating in 2010. According to the county, Moody's said the rating reflects Ocean County's large and diverse tax base, modest debt and consistently healthy finances.

Commissioners said the county's economy continues to grow. They said its beachfront communities remain its anchor, while growth and development in inland areas are broadening its revenue base.

The county's financial reserves are stable and are expected to hold steady through the end of 2026, commissioners said, and its debt is low compared with that of other New Jersey counties.

The stable outlook, according to the county, reflects expectations of little volatility in operations, a growing tax base and a debt level unlikely to rise significantly.

County officials said the rating gives Ocean County access to lower interest costs when it borrows for capital projects. The county regularly sells bonds to pay for larger projects so the cost can be spread over several years, commissioners said. Those projects often include road and bridge work, upgrades to county buildings and other long-term infrastructure.

Commissioners said keeping the county's finances stable remains a central priority in each year's budget.

This brief was drafted by AI from a public agency’s press release and published by The New Jersey Tide. Why we use AI for stories like this one.

Filed underGovernmentOcean County