MOODY’S REAFFIRMS Aaa RATING FOR COUNTY OF BERGEN
HACKENSACK, N.J. – Bergen County Executive Jim Tedesco and the Board of County Commissioners are proud to announce that Moody’s Ratings has once again reaffirmed the County of Bergen’s prestigious Aaa bond rating, the highest rating awarded by the agency, citing the County’s strong financial management, growing reserves, and dynamic local economy.
In its latest rating action issued on April 20, 2026, Moody’s also assigned an Aaa rating to the County’s 2026 General Obligation Bonds and affirmed the County’s stable outlook, reflecting continued confidence in Bergen County’s fiscal health and long-term economic strength.
“Moody’s reaffirmation of our Aaa bond rating once again validates the disciplined, responsible approach we’ve taken to managing Bergen County’s finances,” said County Executive Jim Tedesco. “We’ve made it a priority to strengthen our financial position year after year, and this recognition shows that our strategy is working. It allows us to continue investing in critical infrastructure and services while keeping costs down for taxpayers.”
Moody’s highlighted Bergen County’s “large, dynamic and wealthy economy” as a key credit strength, noting an estimated $85 billion economy and a tax base approaching $240 billion. The report also cited the County’s improving financial position, with fund balance levels increasing over the past five years and expected to continue strengthening.
“I am proud to see Bergen County continue to earn the highest possible bond rating from Moody’s,” said Steven A. Tanelli, Chairman of the Bergen County Board of Commissioners. “This distinction reflects our commitment to sound budgeting practices and long-term planning. Maintaining a triple-a rating ensures we can secure the most favorable borrowing rates, which ultimately benefits our municipalities and residents.”
An Aaa bond rating signifies exceptional creditworthiness and indicates that Bergen County is well-positioned to meet its financial obligations. This top-tier rating enables the County to borrow at the lowest possible interest rates, reducing the cost of financing capital projects and delivering significant savings to taxpayers. In practical terms, that means more of every dollar can go directly toward improving roads, parks, public safety, and other essential services rather than paying down debt. It also helps the County maintain stable budgets, while preserving the flexibility to respond to economic challenges and invest in long-term priorities that benefit residents across all 70 municipalities.
Moody’s also noted the County’s strong governance and financial management practices as key drivers behind its continued high rating, along with steady improvements in reserves and liquidity. While the report acknowledged long-term liabilities as a factor to monitor, it emphasized that Bergen County’s economic strength and fiscal discipline continue to serve as important offsets.