Cook County Earns Two Fitch Bond Rating Upgrades for Strong Financial Management

COOK COUNTY, IL— Cook County Board President Toni Preckwinkle today announced Fitch Ratings upgrades for Cook County’s General Obligation and Sales Tax Revenue bond ratings from AA to AA+. The two ratings upgrades make for six upgrades for the County in the last five years. 

“We are incredibly proud to receive these upgrades of Cook County’s bond rating. They affirm the disciplined financial strategy we have pursued over the last several years,” said President Preckwinkle. “Six ratings upgrades in five years reflect our commitment to long-term financial stability, sound governance and responsible stewardship of taxpayer dollars while putting forward innovative and essential programming for our residents. We are seeing the results of our determined financial management, commitment to budget best practices and the exemplary work of our finance team.” 

Fitch noted the upgrade to AA+ reflects the County’s reputation for judicious debt management, growing reserves and addressing long-term liabilities. Most recently, Fitch upgraded the County’s rating from AA- to AA in July 2024. Before the recent Fitch upgrade, Moody’s Ratings upgraded the County in September 2025. 

Over the last five years, ratings agencies have also recognized the County’s work to dramatically improve its financial position, implement budget best practices, address legacy pension liabilities and put forward balanced budgets while also building solid reserves. 

“These upgrades are especially meaningful because they come after years marked by unprecedented external challenges—from a global pandemic to continued economic uncertainty and shifting federal policies,” added President Preckwinkle. “By making tough choices, planning for the future and focusing on both short- and long-term sustainability, we are continuing to build a stronger, safer and healthier Cook County.” 

Cook County Chief Financial Officer Angela Manning-Hardimon added, “We are proud of these upgrades and will continue pushing to create steady and sustainable finances for Cook County. This is an important recognition that helps lower borrowing costs and saves taxpayer dollars. The good financial work we do allows us to invest in people and communities across Cook County."