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Ottawa County retained its highest possible bond rating, Aaa, from Moody’s Ratings after a February 26 ratings call regarding $17.5 million in refunding bonds for Ottawa County Public Utilities. The bonds are expected to be sold in mid-April.
Ottawa County residents will save an estimated $1 million in interest costs because of the top rating.
“This Aaa rating affirms that Ottawa County continues to approach its finances with care, discipline, and a long-term view,” said Patrick Waterman, Ottawa County Administrator. “Independent recognition from Moody’s matters because it reflects both our financial strength and our commitment to being good stewards of public resources. Achieving the highest possible rating will help save residents nearly $1 million in interest, which is a meaningful result for our community.”
The Moody’s Press Release cited Ottawa County’s stable local economy, strong resident incomes, proactive management practices, and robust fund balance and liquidity as key reasons for maintaining its top rating. Moody’s also noted that Ottawa County’s financial ratios are expected to remain strong, even with a small planned use of general fund balance in fiscal year 2026 for capital and other one-time expenditures. The rating agency also highlighted the County’s low long-term liabilities and stable operations.
County leaders also recognized the work that supported the ratings process.
"We appreciate the preparation and expertise Fiscal Services Director Karen Karasinski and her team brought to this process," said Waterman, noting their work demonstrated Ottawa County's strong financial position and commitment to sound management.
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