Moody’s Upgrades Wayne County’s Credit Rating to Aa3

Published on September 19, 2025

Moody’s Upgrades Wayne County’s Credit Rating to Aa3

Upgrade acknowledges Wayne County’s financial turnaround

DETROIT - Wayne County has received another major vote of confidence in its financial turnaround. Moody’s Ratings has upgraded the County’s issuer rating and its general obligation bonds to Aa3 from A1, citing Wayne County’s strong reserves, declining long-term liabilities, and growing economic base.

The upgrade marks Wayne County’s continued upward trajectory in fiscal health. In just four years, the County’s available fund balance ratio has climbed from 42% to 72%, while liabilities have dropped to their lowest level in decades. Moody’s also credited the County’s disciplined budgeting, improved pension and retiree healthcare contributions, and a growing regional economy as reasons for the stable outlook.

“Nearly a decade ago, Wayne County was on the brink of insolvency,” said Wayne County Executive Warren C. Evans. “Today, national credit agencies are recognizing what we already know; Wayne County is financially strong, stable, and positioned for long-term success. This upgrade is the product of responsible budgeting, tough decisions, and a team committed to serving our residents. It’s proof that when we stay disciplined, we can turn crisis into stability and stability into strength.”

Wayne County, home to 1.8 million residents across 34 cities and 9 townships, remains one of the nation’s largest counties. The Aa3 rating places the County’s credit among the strongest in Michigan and reflects a decade-long trend of fiscal recovery.

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