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Kewaunee County receives upgraded bond rating score

Thanks to the board and administration's fiscal management over the last four years, funding larger projects in Kewaunee County could become less expensive in the future.

 

On Tuesday, Kewaunee County Administrator Jeremy Kral shared the good news with the Kewaunee County Board that its new rating of Aa3 for its long-term credit climbed from the fifth step to the fourth step on Moody's Investors Service's ten-step scale. The county earned its second rating upgrade in the last four years because of the strength of its financial reserves, its low long-term liabilities ratio, and a solid economic base with some concentration in agriculture and manufacturing. Currently, Kewaunee County has $4.35 million of outstanding general obligation debt, more than half what it was in 2020 ($9.65 million) and 2.24 percent of its legal debt limit. Kral told the board that this is good news for the county's future.

Kral also shared details about the county's broadband efforts during the meeting, which took less than 30 minutes to complete. He said the broadband committee will issue two meeting notices next month after it received proposals from different providers concerning its Broadband Equity Access and Deployment Program funds. He added that endorsements and recommendations for projects and providers could be made in the coming weeks.

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