Riverside County Treasurer’s Investment Pool’s AAAf/S1 ratings Affirmed by Fitch as Assets Under Management Climb to $17 Billion Milestone

Riverside, CA - Riverside County Treasurer-Tax Collector proudly announces a significant milestone as its investment pool reached a peak of $17 billion in assets under management and retained FitchRatings AAAf/S1 ratings on August 1, 2024. This achievement underscores the county's steadfast commitment to prudent financial management and responsible stewardship of public funds. FitchRatings’ 'AAAf' rating indicates the highest underlying credit quality (or lowest vulnerability to default). The 'S1' rating indicates a very low sensitivity to market risk.

"We are thrilled to have reached this milestone of $17 billion in our investment pool," said Matthew Jennings, Riverside County’s Treasurer-Tax Collector. "It is a testament to our diligent investment strategies and the confidence placed in us by our stakeholders. This achievement positions us strongly to continue meeting the evolving needs of our community and driving economic growth." 

Riverside County’s Investment Pool serves as a vital resource for the county, providing funding for essential services, infrastructure projects, and community initiatives. Managed with a focus on safety of principal while maintaining liquidity and maximizing returns, the investment pool plays a crucial role in supporting the county's long-term financial sustainability. 

"We remain committed to upholding the highest standards of transparency, accountability, and fiduciary responsibility in managing the county's investments," added Assistant Treasurer Giovane Pizano. "Our goal is to ensure that every dollar entrusted to us is managed prudently and used effectively to benefit the residents and businesses of Riverside County." 

For more information about Riverside County's investment strategies and financial management practices, please visit countytreasurer.org.

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About Riverside County Treasurer-Tax Collector 

The Riverside County Treasurer-Tax Collector is responsible for the billing and collection of property taxes, and, for the receiving, processing, investing and most importantly, safeguarding of public funds, as mandated by the laws of the state of California. The combined office is led by Matthew Jennings, a countywide, publicly elected official serving the fourth largest county in California by landmass and by population. Established May 9, 1893, Riverside County encompasses 7,303 square miles, 28 cities and a population of nearly 2.4 million.