County bonds look stable

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YOUNGSTOWN, Ohio (WKBN) — Mahoning County is stable and excellent in their new credit ratings.

The ratings were based on a presentation the county gave to financial experts on Wall Street earlier this year.

The best rating the county received was in sales tax bonds with an AA stable rating, which is the highest rating in that category. Mahoning County Auditor Michael Sciortino said the county can improve in limited tax general obligation bonds with a current A+ stable rating. Overall, Sciortino said he is pleased with the progress.

“To get a stable outlook and an excellent outlook on some of our ratings is critical in this period of coming out of a recession like that,” said Sciortino. “Just a few years back, we had a negative outlook in Mahoning County, so we raised that up.”

Sciortino said it is a step in the right direction, but there is still progress to be made in the county.

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