The Herald, Sharon, Pa.

Breaking News


March 15, 2014

County rating raised by S&P

MERCER COUNTY — Standard & Poor’s Ratings Services raised its long-term and underlying rating on Mercer County’s general obligation bonds from “A Stable” to “A+ Stable.”

“We believe the county will likely maintain what we consider its strong budgetary flexibility and liquidity,’’ S&P said in a news release. “We also believe what we regard as the county’s strong management condition and good financial management practices and policies...’’

Mercer County Fiscal Administrator John Logan said among  the reasons for the upgrade include county commissioners’ frugal spending, filling vacant jobs only when justified and adding to the county’s operating reserve fund as protection against future significant costs.

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