S&P Global Ratings assigned its 'AAA' long-term rating to Collin County, Texas' approximately $29 million taxable series 2021 limited tax refunding bonds and to its $102.5 million series 2021 limited tax permanent improvement and refunding bonds. At the same time, S&P Global Ratings affirmed its 'AAA' long-term rating on the county's unlimited and limited-tax general obligation (GO) debt outstanding.
Moody's Investors Service states Collin County's (Aaa stable) credit profile is strong and exceeds medians for the rating category across a number of metrics. The county's tax base is large and affluent, and continues to grow at a robust pace. The county's credit profile also benefits from conservative fiscal management and very high reserves relative to revenues, as well as low debt and pension burdens. The county is primarily challenged by managing growth, though has done so over the past several years while maintaining its solid financial profile and low leverage.
