Travis County’s "AAA" bond ratings were re-affirmed Monday by Moody’s Investor Service and S&P Global Ratings.
The "AAA" bond ratings — the highest rating offered by the agencies — comes as Travis County, with Austin as its seat, prepares for an April 18 bond sale.
Bond ratings are used by lenders to determine the interest rate that cities, counties and other government bodies must pay to borrow money. A higher bond rating, such as AAA, means an entity will pay lower interest on money borrowed.
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