Cobb AAA Rating Reaffirmed

For the 17th consecutive year, Cobb County has been recognized for its fiscal responsibility by the top three bond rating agencies, Fitch Ratings, Moody’s and Standard and Poor’s.

The latest reaffirmation on Cobb's AAA status came last week from Standard and Poor's, while Fitch and Moody's reaffirmed their ratings in March.

All three rating agencies evaluated the county's general obligation bonds, and gave their highest AAA designation. The Cobb County Water System also received AAA ratings from both Fitch and Moody’s.

Cobb County Chairman Tim Lee said the AAA bond rating is the best possible rating that the county could achieve and will result in substantial savings for taxpayers. The strong ratings mean the County can borrow money at low interest rates to finance major capital projects, saving taxpayer dollars.

This places Cobb County among the top 1 percent of counties nationwide.

County officials said some of the key rating drivers include sound cash flows, stable operating results, low debt, credit profile, a favorable economic profile and budgetary balance in fiscal 2014.