NORRISTOWN, PA – Moody’s Investor Service upgraded the county’s bond rating outlook from “negative” to “stable” on Monday, according to a press release.
The county is expecting to refund $25.6 million in outstanding bonds in the coming weeks and had its rating “affirmed” to an Aa1 rating, according to the release sent out Monday afternoon.
“With the upgrade, Moody’s is recognizing the remarkable turnaround in the fiscal situation in Montgomery County,” commissioners’ Chairman Josh Shapiro said in the press release.
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