{"id":11101,"date":"2023-02-03T18:13:29","date_gmt":"2023-02-03T23:13:29","guid":{"rendered":"https:\/\/collierclerk.com\/?p=11101"},"modified":"2026-01-20T12:59:38","modified_gmt":"2026-01-20T17:59:38","slug":"moodys-upgrades-collier-county-floridas-special-obligation-revenue-bonds-to-aaa","status":"publish","type":"post","link":"https:\/\/app.collierclerk.com\/collierclerkcom\/moodys-upgrades-collier-county-floridas-special-obligation-revenue-bonds-to-aaa\/","title":{"rendered":"Moody\u2019s Upgrades Collier County, Florida\u2019s Special Obligation Revenue Bonds to \u2018Aaa\u2019"},"content":{"rendered":"<p>In a report dated January 25, 2023, Moody\u2019s assigned its <strong>highest rating to Collier County, Florida\u2019s Special Obligation Revenue Bonds<\/strong>.\u00a0<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-11107\" src=\"https:\/\/collierclerk.com\/wp-content\/uploads\/aaa-RATING-150x84.png\" alt=\"\" width=\"500\" height=\"281\" srcset=\"https:\/\/app.collierclerk.com\/collierclerkcom\/wp-content\/uploads\/aaa-RATING-150x84.png 150w, https:\/\/app.collierclerk.com\/collierclerkcom\/wp-content\/uploads\/aaa-RATING-300x169.png 300w, https:\/\/app.collierclerk.com\/collierclerkcom\/wp-content\/uploads\/aaa-RATING-1024x576.png 1024w, https:\/\/app.collierclerk.com\/collierclerkcom\/wp-content\/uploads\/aaa-RATING-768x432.png 768w, https:\/\/app.collierclerk.com\/collierclerkcom\/wp-content\/uploads\/aaa-RATING-1536x864.png 1536w, https:\/\/app.collierclerk.com\/collierclerkcom\/wp-content\/uploads\/aaa-RATING.png 1920w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/p>\n<p>The upgrade reflects the change in the analytical considerations related to instrument-specific considerations in the new US Cities and Counties Methodology, which differs from those in prior methodologies. The upgrade places the non-ad valorem debt (Special Obligation Bonds) at the same level as the respective issuer rating. While there are some limitations on the revenues, these constraints aren\u2019t meaningful given the breadth of the basket of revenues and the ability of the issuer to actively control and manage them.<\/p>\n<p>Bond ratings are <strong>important indicators of the creditworthiness<\/strong> of the Collier County Government and the debt it issues. <strong>The \u2018Aaa\u2019 rating will enable Collier County to borrow at lower, more favorable interest rates<\/strong>, saving taxpayers millions of dollars over the life of the bonds.\u00a0<\/p>\n<p>\u201cTogether, the Clerk and Comptroller\u2019s Office, the Board of County Commissioners, County Administration and the County\u2019s Office of Management and Budget work diligently to secure the best possible ratings for our county,\u201d said Collier County Clerk and Comptroller Crystal K. Kinzel. \u201cI want to recognize the effort and cooperation put forth to achieve these results for our citizens.\u201d<\/p>\n<p>For more information, contact Derek M. Johnssen, Director of Finance and Accounting at (239) 252-7863.\u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a report dated January 25, 2023, Moody\u2019s assigned its highest rating to Collier County, Florida\u2019s Special Obligation Revenue Bonds.\u00a0 &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Moody\u2019s Upgrades Collier County, Florida\u2019s Special Obligation Revenue Bonds to \u2018Aaa\u2019\" class=\"read-more button\" href=\"https:\/\/app.collierclerk.com\/collierclerkcom\/moodys-upgrades-collier-county-floridas-special-obligation-revenue-bonds-to-aaa\/#more-11101\" aria-label=\"Read more about Moody\u2019s Upgrades Collier County, Florida\u2019s Special Obligation Revenue Bonds to \u2018Aaa\u2019\">Read more<\/a><\/p>\n","protected":false},"author":19,"featured_media":11107,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[297,298,147,299,295,296],"class_list":["post-11101","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-announcements","tag-aaa-rating","tag-bond-ratings","tag-collier-county","tag-creditworthiness","tag-moodys","tag-special-obligation-revenue-bonds","infinite-scroll-item","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-25","resize-featured-image"],"_links":{"self":[{"href":"https:\/\/app.collierclerk.com\/collierclerkcom\/wp-json\/wp\/v2\/posts\/11101","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/app.collierclerk.com\/collierclerkcom\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/app.collierclerk.com\/collierclerkcom\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/app.collierclerk.com\/collierclerkcom\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/app.collierclerk.com\/collierclerkcom\/wp-json\/wp\/v2\/comments?post=11101"}],"version-history":[{"count":1,"href":"https:\/\/app.collierclerk.com\/collierclerkcom\/wp-json\/wp\/v2\/posts\/11101\/revisions"}],"predecessor-version":[{"id":11108,"href":"https:\/\/app.collierclerk.com\/collierclerkcom\/wp-json\/wp\/v2\/posts\/11101\/revisions\/11108"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/app.collierclerk.com\/collierclerkcom\/wp-json\/wp\/v2\/media\/11107"}],"wp:attachment":[{"href":"https:\/\/app.collierclerk.com\/collierclerkcom\/wp-json\/wp\/v2\/media?parent=11101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/app.collierclerk.com\/collierclerkcom\/wp-json\/wp\/v2\/categories?post=11101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/app.collierclerk.com\/collierclerkcom\/wp-json\/wp\/v2\/tags?post=11101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}