Moody's renews Aaa bond rating for county

Moody's Investors Service has reaffirmed Oakland County's Aaa bond rating for the $15,260,000 and $15,050,000 Oakland County Building Authority Refunding Bonds which Standard & Poors rated AAA last Friday. The estimated net combined savings for taxpayers is nearly $3.3 million. "Moody's most recent Aaa rating acknowledges our excellence in budgeting and fiscal management," said Oakland County Executive L. Brooks Patterson. The $15,260,000 Oakland County Building Authority Refunding Bonds, Series 2011 refunds Series 2001 and the $15,050,000 Oakland County Building Authority Refunding Bonds, Series 2011 refunds Series 2004A. Published: Wed, Aug 3, 2011

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