Atlantic County Gets Upgrade Due to Financial OutlookLast Edited:
Standard and Poor's rating service has upgraded Atlantic County's financial outlook to a AA rating.
Atlantic County officials say the upgrade is due to the county’s ability to maintain strong financial management and stable operations in an atmosphere of uncertainty caused by Atlantic City’s fiscal distress.
The AA rating is the second highest that Standards and Poor's assigns, which means that the county has a very strong capacity to meet its financial commitments and is less susceptible to adverse effects changes in economic conditions.
The Standard and Poor's report also recognized the county's efforts to be less dependent on Atlantic City's casino employment and the tourism industry overall.
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