FOR IMMEDIATE RELEASE
April 9, 2026
Latisha Townsend – Communications Director, Supervisor Foley
(714) 559-8364 | Latisha.Townsend@ocgov.com
Statement from Orange County Vice Chair Katrina Foley on Fitch Ratings Affirming County’s AAA Credit Rating
ORANGE COUNTY, CALIFORNIA – Today, Orange County Board of Supervisors Vice Chair Katrina Foley released the following statement regarding the County maintaining its designation as an AAA rated organization with a stable outlook by Fitch Ratings.
For the third consecutive year, the affirmation highlights Orange County’s strong fiscal health and disciplined financial management, underpinned by robust reserves, low debt, and solid economic fundamentals, including a large, diverse population, low unemployment, high educational attainment, and a high median household income.
“This AAA rating affirmation reflects the County’s strong financial foundation and careful management of public funds,” said OC Vice Chair Katrina Foley. “Our focus remains on maintaining appropriate reserves, limiting debt, adhering to a conservative low risk investment policy. We must ensure we remain well-positioned to navigate economic uncertainty created at the federal level, while continuing to invest in the collective safety, health, and economic well-being of all who call Orange County home.”
Fitch Ratings cited the County’s budget resilience and stable financial position as key strengths. The agency noted risks to the rating may include a sustained decline in general fund reserves below 15% of spending or weakening economic indicators such as rising unemployment or declining median household income.
Under Vice Chair Foley’s leadership, residents in the Fifth District and across the County can be assured that fiscal discipline and budgetary transparency will remain top of mind throughout the upcoming County budget process, encouraging County leadership to prioritize services and programs for Orange County residents.
To inquire about Supervisor Foley’s media availability, please contact Latisha Townsend at (714) 559-8364.
###
Vice Chair Katrina Foley was elected to the Board of Supervisors in 2022 to represent the newly established District 5, which includes the cities of Aliso Viejo, Costa Mesa, Dana Point, a large portion of Irvine, Laguna Beach, Laguna Hills, Laguna Niguel, Laguna Woods, Newport Beach, San Clemente, San Juan Capistrano, as well as the unincorporated areas of Coto de Caza, Emerald Bay, Ladera Ranch, Las Flores, Rancho Mission Viejo, Stonecliffe and Wagon Wheel. This is her second term on the Board of Supervisors, where she previously served District 2.
Vice Chair Foley’s 2026 Board appointments include:
Chair – Orange County Housing Finance Trust
Orange County Fire Authority (OCFA)
Orange County Transportation Authority (OCTA)
Orange County Audit Oversight Committee
OC Public Libraries Advisory Board
Newport Bay and South Orange County Watershed Executive Committees
Transportation Corridor Agency - Foothill/Eastern
Transportation Corridor Agency - San Joaquin Hills
Coastal Greenbelt Authority
