Also serving the communities of De Luz, Rainbow, Camp Pendleton, Pala and Pauma
SAN DIEGO – Dan McAllister, treasurer-tax collector of San Diego County, announced that the
San Diego County investment pool received top ratings from a nationally recognized statistical
rating organization, Tuesday, Sept. 29.
Fitch Ratings confirmed the investment pool's "AAA" rating for its highest underlying credit
quality, or lowest vulnerability to default, and a very low sensitivity to market risk.
This marks the 21st consecutive year the investment pool has received the highest rating.
"Despite a volatile financial market this year, our investment team has done an excellent job
safeguarding the principal in our investment pool, which reached a record $12.3 billion in public
funds in April," McAllister said.
"The 'AAA' rating reflects the high-quality assets in the investment pool, low degree of risk
acceptance, and validates the County's overall strategic focus on safety and preservation of
investments," Supervisor Greg Cox, chairperson of the county board of supervisors, said. "I
commend the work of our county treasurer's team in protecting the assets of our local public
agencies."
The treasurer-tax collector's team invests the funds in high quality securities on behalf of public
agency pool participants, who use the money for the operational and capital needs of their
agencies.
Currently, over 200 public agencies in the San Diego region invest in the pool, including all 42
public school districts, five community college districts, the San Diego Regional Airport
Authority, San Diego Association of Governments, Metropolitan Transit System and other
public agencies such as cities, fire and water districts.
In addition to the team of full-time investment professionals in the treasury, a nine-member
oversight committee composed of county executives and public agency officials – with expertise
in schools, special districts, cities and public finance – review the county's investment policy
annually.
Submitted by the San Diego County Treasurer-Tax Collector's office.
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