Financial analyst Standard & Poor's has again awarded Travis County the company's highest credit rating—a move that allows the county to borrow money as cheaply as possible.

Travis County has retained its AAA rating for several years, County Financial Adviser Ladd Patillo told the Travis County Commissioners Court on Jan. 7.

Standard & Poor's has revised its rating criteria to make it more transparent and easy to analyze, Patillo said.

Standard & Poor's determined that Travis County has a strong economy, good asset liquidity and a conservative budget, Patillo reported. The county's management practices were also considered strong.