Kankakee County's Bond Rating Leaps 2 More Levels
                                                                “Investment Grade” Status

Moody’s recent announcement of an improved bond rating for Kankakee County and the associated “positive outlook” analysis document the dramatic and sustained financial improvement in Kankakee County government. As of July 7, 2021, the county’s rating increased from Ba2 to Baa3 which puts the county in “investment grade” status. A bond rating, similar to a credit score, is both an indicator on the financial health and planning for the County and also directly tied to interest rates for bonds and other funding mechanisms.

“The improved bond rating provides investors and our citizens an independent affirmation that what we are doing is working, and that we are heading in the right
direction,” said Kankakee County Board Chairman, Andy Wheeler. “Despite the challenges we faced during the pandemic, the county continues to operate efficiently
and be a conservative champion of tax dollars. We are on the right path, and the financial experts agree.”

Among other benefits, a higher bond rating ultimately saves taxpayers’ dollars and opens up more favorable financing options.

“The rating upgrade shows the teamwork of the county board, elected officials, employees and department heads,” said County Board Member and Finance Chair
Steve Liehr. “The responsible decisions of those who spend taxpayer dollars allow the county board to maintain a budget, one that wiped out a budget deficit and created a
now-positive balance in funds.”

94.1 WGFA