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Dukes County receives AA+ rating from Standards & Poor's


        Standards & Poor’s recently reviewed Dukes County regarding its General Obligation Bonds and affirmed the AA+ rating and stable outlook of the county’s operation.  In their credit profile, Standards & Poor’s notes that the county’s primary function includes managing the courthouse, house of corrections, emergency dispatch, registry of deeds, airport facilities, and other regional needs that cannot be met easily by the individual towns and also states the financial operations are satisfactory with adequate reserve levels relative to its budget.  The report adds that the airport is a business activity directly supported by its revenues and capital grants while the General Fund revenues consist primarily of town assessments (48%) and the registry of deeds (26%) fees.  The report also delineates how the stable outlook reflects the very low debt burden with the limited future capital needs of the county.  For copies or questions regarding the report, please contact Noreen Mavro Flanders at 508-696-3845.


 
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The County of Dukes County PO Box 190, Edgartown, MA 02539
Phone: 508.696.3840    Fax: 508.696.3841
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