Santa Ana, Calif. (April 21, 2026) – On April 14, 2026, Fitch Ratings affirmed the Orange County Treasury Pool the highest Fund Credit Quality Rating and Market Risk Sensitivity Rating available, AAAf/S1. 

“The County’s outstanding investment professionals have secured the best-possible ratings for our investment pool through their sound judgment.” said Chair Doug Chaffee, Fourth District. 

“Our focus remains on maintaining appropriate reserves, limiting debt, and adhering to a conservative low risk investment policy,” said Vice Chair Katrina Foley, Fifth District. “These ratings reflect the professionalism of County staff and strong oversight of the investment pool.”

The County of Orange Treasury Pool comprises funds from the County of Orange, Orange County school districts and Orange County Community College Districts. These funds are invested by the County of Orange’s Investment Division in accordance with the Board of Supervisors-approved Investment Policy. The policy adheres to the “prudent investor” standard and prioritizes maximum security of principal, ensuring adequate liquidity to pool participants and achieving a return on the investments made. The County of Orange Treasury Pool has received the highest ratings from Fitch Ranking since November 2023. 

“I am so proud to work for a county that puts a priority on stability and security. The Fitch Ratings affirmed what we already knew – Orange County’s investment pool is governed by strong investment guidelines and oversight,” said Supervisor Janet Nguyen, First District.

“These best-possible ratings from Fitch represent the County’s well-managed investment strategy and strong oversight,” said Supervisor Vicente Sarmiento, Second District. “With high creditworthiness and low market risk, the County’s investment pool remains in a strong position to serve the needs of County residents.”

“These ratings are well-received, vindicating the Board’s decision to maintain oversight of the Treasury Investment Pool,” said Supervisor Donald P. Wagner, Third District. “The Board and County Executive Office are ensuring the County’s investment pool is being managed soundly and with a very low sensitivity to market risk.”

Fitch Ratings’ rating of the Orange County Treasury Pool can be found here, Fitch Affirms the Orange County Treasury Pool.

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