BARNSTABLE – Barnstable County’s general obligation bond rating has been upgraded to “AA+” by S&P Global Ratings.
The achievement was highlighted at the August 28th Barnstable County Commissioners meeting.
S&P cited several improvements that led to the boost, including the adoption of strong financial policies, a low debt burden, and above-average reserves.
They also cited increased contributions to county employee retirement benefits and the creation of a PFAS stabilization fund.
Barnstable County finished the 2024 fiscal year with a budget surplus of $6 million.
By Jim McCabe, CapeCod.com NewsCenter
About Jim McCabe
