Boone County Commission News Release

Boone County Secures Aa1 and Aa2 Credit Ratings

COLUMBIA, Mo. (October 18, 2024) - Global credit rating agency Moody’s Investor Service has recently assigned an Aa1 issuer and Aa2 appropriation debt rating to the County of Boone. The prestigious ratings are a testament to the County’s strong financial management and economic stability and will play a crucial role in the construction of the Regional Law Enforcement Training Center.

The Aa1 issuer credit rating and Aa2 appropriation debt rating signify a high level of creditworthiness and low risk of default, which translates to lower borrowing costs for the County. With the ratings, Boone County can secure lower interest rates on bonds and loans, reducing the overall cost of the new training center. This financial advantage allows Boone County to allocate more resources toward enhancing the building’s infrastructure, technology, and public services, ensuring that it meets the needs of our community.

Boone County Presiding Commissioner Kip Kendrick stated, “After a robust investigative process and interviews with key stakeholders, Boone County Government is honored to have earned this rating from Moody’s Investor Service. It’s a testament to the financial health and transparency of this organization. This rating will certainly help us in our mission to improve public safety.”

The new center will feature all-in-one training for law enforcement and first responder personnel in Boone County, as well as those serving across the State of Missouri. Construction is expected to be complete by late 2025.

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