NEW INVESTMENT AND BOND RATING FROM MOODY'S WILL BENEFIT DEFIANCE COUNTY


After a strong presentation from Defiance County, Moody’s Investors Service has upgraded the Defiance County issuer rating. Moody’s also upgraded the county’s outstanding general obligation debt, for the refinancing of 4.4 million dollars in improvement bonds. The upgrade will result in Defiance County saving nearly $273,000 for taxpayers on interest payments for years to come. Moody’s service indicated the upgraded rating was the result of Defiance County’s improved and strong financial position, growing tax base, and low debt burden.Sales tax collections have also proven to be resilient through the coronavirus pandemic.