FAYETTEVILLE – Late last week, Cumberland County officials were notified by Moody’s Rating Services in New York that the long-term rating on Cumberland County’s General Obligation Bonds has been raised from Aa3 to Aa2.

As the rest of the world is sinking into a deep recession, this rating upgrade for Cumberland County is remarkable and indicates the strength of the county’s conservative approach to fiscal matters.  Citing the strength of management, the strong financial policies by which the county functions, and the stability of the local economy as influenced by the military presence, Moody’s raised the bond rating with no reservations.

Moody’s Investor Services is a highly regarded rating agency known to be conservative in their approach to rating the financial stability of commercial and governmental entities. This upgrade confirms the strong financial position of Cumberland County government, and is especially remarkable when considering the turbulent backdrop in which this upgrade occurs.