Yavapai County Receives Credit Rating Upgrade to AA+ by Fitch Ratings

Published on February 06, 2025

Yavapai County Receives Credit Rating Upgrade to AA+ by Fitch Ratings

Yavapai County is pleased to announce that Fitch Ratings has upgraded its credit rating from AA to AA+, reflecting the County's strong financial performance and prudent fiscal management.  This upgrade signifies Fitch's assessment of Yavapai County's very strong financial profile, low long-term liability burden, and robust economic outlook.

"This upgrade to AA+ by Fitch Ratings is a testament to the hard work and dedication of our Board of Supervisors, County staff, and the citizens of Yavapai County," said Yavapai County Manager, Maury Thompson. "It validates our commitment to responsible fiscal management and long-term financial stability. This positive rating will benefit our residents by allowing us to secure more favorable interest rates on future projects, ultimately saving taxpayer dollars."

The outlook for Yavapai County is positive due to Fitch's expectation that long-term liabilities will remain close to or below current levels and that demographic and economic metrics will persist or improve, which could support upward movement in the rating. An upgrade would be contingent upon evidence of long-term liabilities at or below current levels and no material negative changes in underlying economic and demographic trends.

This upgraded credit rating will enhance Yavapai County's access to capital markets and further strengthen its ability to invest in essential infrastructure projects, public services, and community programs that benefit its residents.