Nez Perce County, ID COP Rating Raised To #AA-# From #A+# On Region#s Economic Growth

Stocks and Financial Services Press Releases Friday June 15, 2018 09:23
CENTENNIAL--15 Jun--S&P Global Ratings

CENTENNIAL (S&P Global Ratings) June 14, 2018--S&P Global Ratings raised its underlying rating (SPUR) to 'AA-' from 'A+' on Nez Perce County, Idaho's outstanding certificates of participation (COPs). The outlook is stable.

"The raised rating reflects our view of the region's economic growth, including its broad and diverse economic area, and its improved wealth values," said S&P Global Ratings credit analyst David Mares. "The rating change further reflects our view of this economic improvement's effect on the county's finances, as evidenced by the county's trend of very strong available fund balance," Mr. Mares added.

We note the rating on the COPs is one notch off the GO rating due to the additional appropriation risk associated with the security structure, as stated in our criteria.
Nez Perce County is located in northwestern Idaho, and shares borders with Washington and Oregon.

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