{"id":14828,"date":"2024-05-08T11:44:51","date_gmt":"2024-05-08T17:44:51","guid":{"rendered":"https:\/\/www.elpasoco.com\/?p=14828"},"modified":"2024-05-08T11:44:51","modified_gmt":"2024-05-08T17:44:51","slug":"el-paso-county-receives-upgraded-bond-rating-from-standard-and-poors","status":"publish","type":"post","link":"https:\/\/www.elpasoco.com\/el-paso-county-receives-upgraded-bond-rating-from-standard-and-poors\/","title":{"rendered":"El Paso County Receives Upgraded Bond Rating From Standard and Poors"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_column_text css=&#8221;&#8221;]<strong>May 8, 2024<\/strong> \u2013 El Paso County\u2019s bond rating was recently upgraded by rating agency Standard and Poors to AA+ following a process necessary to issue the $15 million certificates of participation (COP) for the approved Falcon Sheriff\u2019s Office substation.<\/p>\n<p>The specific reasons given for the rating improvement were:<\/p>\n<ul>\n<li>Increase in the unrestricted\/available fund balance<\/li>\n<li>Budgetary sustainability<\/li>\n<li>Adjusting the compensation schedule<\/li>\n<li>Increasing the contributions to the El Paso County pension<\/li>\n<li>The growth momentum of El Paso County property tax revenues<\/li>\n<li>The long-term economic growth of our community<\/li>\n<\/ul>\n<p>\u201cThis credit rating increase is a testament to the conservative budgeting practices and diligent financial stewardship of this Board of County Commissioners,\u201d said El Paso County Chief Financial Officer Nikki Simmons. \u201cBy creating a sustainable budget, increasing our fund balance and ensuring our staff are adequately compensated, among other things, El Paso County has strengthened its financial position and earned this exemplary rating.\u201d<\/p>\n<p>The AA+ rating, which is the highest El Paso County can receive due to TABOR compliance, allows the County to receive better interest rates when selling COPs.<\/p>\n<p>For more information about how the credit rating process works, please visit <a href=\"https:\/\/www.spglobal.com\/ratings\/en\/about\/understanding-credit-ratings\">https:\/\/www.spglobal.com\/ratings\/en\/about\/understanding-credit-ratings<\/a>.[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text css=&#8221;&#8221;]May 8, 2024 \u2013 El Paso County\u2019s bond rating was recently upgraded by rating agency Standard and Poors to AA+ following a process necessary to issue the $15 million certificates of participation (COP) for the approved Falcon Sheriff\u2019s Office substation. The specific reasons given for the rating improvement were: Increase in the unrestricted\/available fund&hellip;<\/p>\n","protected":false},"author":42,"featured_media":11598,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2290,660,1391,1673],"tags":[7902,7901,7895],"class_list":["post-14828","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-administration","category-budget-finance","category-featured-news","category-news","tag-administration","tag-finance","tag-news","category-2290","category-660","category-1391","category-1673","description-off"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>El Paso County Receives Upgraded Bond Rating From Standard and Poors - El Paso County Colorado<\/title>\n<meta name=\"description\" content=\"El Paso County\u2019s bond rating was recently upgraded by rating agency Standard and Poors to AA+ following a process necessary to issue the $15 million certificates of participation (COP) for the approved Falcon Sheriff\u2019s Office substation.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.elpasoco.com\/el-paso-county-receives-upgraded-bond-rating-from-standard-and-poors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"El Paso County Receives Upgraded Bond Rating From Standard and Poors\" \/>\n<meta property=\"og:description\" content=\"El Paso County\u2019s bond rating was recently upgraded by rating agency Standard and Poors to AA+ following a process necessary to issue the $15 million certificates of participation (COP) for the approved Falcon Sheriff\u2019s Office substation.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.elpasoco.com\/el-paso-county-receives-upgraded-bond-rating-from-standard-and-poors\/\" \/>\n<meta property=\"og:site_name\" content=\"El Paso County Colorado\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-08T17:44:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/epc-assets.elpasoco.com\/wp-content\/uploads\/Road-Work-3.png\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"ScottAnderson@elpasoco.com\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ScottAnderson@elpasoco.com\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.elpasoco.com\/el-paso-county-receives-upgraded-bond-rating-from-standard-and-poors\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.elpasoco.com\/el-paso-county-receives-upgraded-bond-rating-from-standard-and-poors\/\"},\"author\":{\"name\":\"ScottAnderson@elpasoco.com\",\"@id\":\"https:\/\/www.elpasoco.com\/#\/schema\/person\/61c4c006249e1b6e9f63d35f08060abd\"},\"headline\":\"El Paso County Receives Upgraded Bond Rating From Standard and Poors\",\"datePublished\":\"2024-05-08T17:44:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.elpasoco.com\/el-paso-county-receives-upgraded-bond-rating-from-standard-and-poors\/\"},\"wordCount\":222,\"image\":{\"@id\":\"https:\/\/www.elpasoco.com\/el-paso-county-receives-upgraded-bond-rating-from-standard-and-poors\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/epc-assets.elpasoco.com\/wp-content\/uploads\/Road-Work-3.png\",\"keywords\":[\"administration\",\"finance\",\"news\"],\"articleSection\":[\"Administration\",\"Budget &amp; Finance\",\"FEATURED NEWS\",\"NEWS\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.elpasoco.com\/el-paso-county-receives-upgraded-bond-rating-from-standard-and-poors\/\",\"url\":\"https:\/\/www.elpasoco.com\/el-paso-county-receives-upgraded-bond-rating-from-standard-and-poors\/\",\"name\":\"El Paso County Receives Upgraded Bond Rating From Standard and Poors - 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