CHIPPEWA COUNTY BOND RATING (MOODY'S)
2007
2008
2009
2010
2011
NR
NR
AA-
AA-
AA-
Interpreting Moody's Credit Rating Options:
Aaa - Minimal credit risk, highest quality rating
Aa1 - Very low credit risk, high quality rating
A - Low credit risk, upper-medium grade rating
Baa - Moderate credit risk, may possess speculative characteristics
Ba - Substantial credit risk, speculative elements
Caa - Very high credit risk, poor standing
C - Little prospect for recovery of principal or interest, typically in default
MICHIGAN BOND RATING (STANDARD & POOR'S)
2007
2008
2009
2010
2011
AA
AA-
AA-
AA-
N/A
Interpreting Standard & Poor's Credit Rating Options:
AAA - Extremely strong capacity to meet financial commitments, highest rating
AA - Very strong capacity to meet financial commitments
A - Strong capacity to meet financial commitments but somewhat susceptible to adverse economic conditions and changes in circumstances
BBB - Adequate capacity to meet financial commitments but more subject to adverse economic conditions

 

Progress Key
Chippewa County Source: Chippewa County Administrative Office
Progress Key

Explanation of the indicator: Chippewa County's bond rating is a measure of its financial reputation. A good bond rating enables a county to borrow money for construction projects and other needs at the most competitive rates available, thereby saving taxpayer dollars through lower interest payments.

Notes: In some cases, County-level data are not available from the same data source used by the State. In other cases, County-level data are not available for the same time frame used by the State. In these instances, data sources and time frames were selected that most closely match those of the State. Due to this difference, it must be noted that comparisons may not be completely equivalent in all cases. Michigan's data source is Moody's Investor Service, Annual Reports.