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Bond rating, economic outlook for Stafford improving

Moody’s Investors Service, a company that assesses bond credit ratings, has upgraded Stafford County’s bond rating from an Aa2 to an Aa1.

The higher a counties bond rating, the lower the cost to borrow money. This means that Stafford County will be able to borrow funds at a lower cost, which will save residents money.

Bond rating agencies look at four criteria when assessing a locality’s financial standing, including finances, the area economy, debt and financial management and governance.

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