Bond Ratings

Atlantic County’s bond ratings have been reaffirmed by Moody’s Investors Service and Standard and Poor’s Global Ratings for the 16th straight year based on budgetary performance and the county’s efforts to diversify its economy, county officials said Monday. According to the Press of Atlantic City Moody’s assigned an Aa2 rating to the county’s $33 million general obligation bonds and reported the economy is becoming less dependent on the casino industry, which is no longer the area’s largest employer, according to a news release.