Standard & Poor has given Pinal County’s Board of Supervisors & management some great news. They upgraded the County’s debt rating from an A- to a solid A. Standard & Poor’s states the upgrade was earned as a result of “continued economic growth & diversification & maintenance of a strong financial position with strong reserves.”
The upgrade means in the debt ratings means that when Pinal County issues bonds or debt obligations to fund major projects, it can borrow at more favorable rates. This means the County can complete the projects taxpayers require without high interest payoffs down the road.
With continued expansion & diversification of its economic base, Pinal County spreads its risk across more areas of the economy. Not long ago, the County’s risk profile moved in direct relation to the mining industry. With more housing, jobs, industry & retail, the County is better able to ride out the highs and lows.