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John McDonald

James City County upgraded to AAA bond rating from Moody's

James City County upgraded to AAA bond rating from Moody's

There was hubbub before the James City County Board of Supervisors met Tuesday evening that a big announcement was coming. And toward the end of the meeting, Chairman Michael Hipple shared the news that he said "had him so excited he didn't know what to do."

Moody's Investors Service announced Tuesday it had upgraded the county's Aa1 bond rating to Aaa, after a presentation by county officials last week in New York. Hipple said when the county refinances its bond debt in the next six weeks, it will save hundreds of thousands of dollars.

After the Moody's upgrade, James City County predicts it will now hold AAA ratings from all of the major bond rating...

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