Ambulance district earns AAA rating

The St. Charles County Ambulance District has received a AAA rating, the highest rating possible, from Moody’s Investors Service.

The district applied for a bond rating from Moody’s Investors Service, a leading global credit rating, research and risk analysis firm, in connection with a proposed bond refunding and received a rating upgrade from “AA1” to “AAA.”  The bond refunding is expected to save the district approximately $200,000.

Joy Howard, the district’s financial advisor, noted that the district is now one of only three other governmental units in the state to have a Moody’s AAA rating.

“Just as individuals benefit by having excellent credit scores, the District will obtain the lowest possible interest cost on bonds it issues in the future,” Howard said.