OCGOV Home Living & Working Law & Justice Health & Human Care Doing Business Board of Supervisors Agency Directory Jobs Search
Orange County Government Online
Quick Jump Menus


Online Services | OC Links | OC Info | News | Contact | OC Directory | FAQs | Sitemap |   
left top scan lines curve
Left bottom scan lines

PRESS RELEASES
2008 Blue arrow down
2007 Blue arrow down
2006 Blue arrow down
2005 Blue arrow down
2004 Blue arrow down
2003 Blue arrow down
2002 Blue arrow down
2001 Blue arrow down
2000 Blue arrow down
1999 Blue arrow down
1998 Blue arrow down
1997 Blue arrow down
1996 Blue arrow down
1995 Blue arrow down
Press Release
2000
County of Orange Seal COUNTY OF ORANGE

CEO
FOR IMMEDIATE RELEASE
May 23, 2000
Contact: Tom Beckett
(714) 834-5969
Fitch Upgrades Orange County Credit Rating For Second Time This Year
(Santa Ana) – Today Fitch IBCA announced an upgrade of the County’s 1996 Recovery Certificates of Participation (COPs) from A+ to AA-. Only three months ago, Fitch increased the ratings on the COPs to A+ from BBB.

Fitch gave credit to the County’s good management practices, the Five-Year Strategic Financial Plan, a willingness to control its financial obligations and the county’s low social services burden for the upgrade.

In February, Fitch acknowledged the establishment of a County executive officer, a debt review committee and investment oversight groups in their decision to upgrade.

"We appreciate the confidence that Fitch has shown in us," said CEO Jan Mittermeier. "We have had many successes in bringing the County to this point, but we also have much to do in our effort to re-shape County government for greater effectiveness and efficiency."

###

 
PrivacyDotLegalDotADA