Cobb’s AAA credit rating extended for 28th consecutive year

Cobb County government announced Thursday that three New York credit rating agencies have continued the county’s AAA status for the 28th year in a row. Cobb County Government logo

The AAA ratings are the highest possible, and were continued by Standard and Poor’s, Fitch and Moody’s.

The county uses the ratings to issue bonds for financing roads, parks and infrastructure at low interest rates, and to attract a wide pool of investors.

“Cobb continues to be recognized by the ratings agencies for our financial practices, economic strength, and stability,” Cobb Board of Commissioners Chairwoman Lisa Cupid said in a statement issued by the county Wednesday.

“This recognition should give our residents confidence that the county is a good steward of their tax dollars as we grow and  meet diverse expectations .”

The Standard and Poor’s Global Ratings, according to the county release, cited Cobb’s “robust economy, consistent financial performance, sizable reserves, and proactive management practices in its report.”

The Cobb County School District also has a AAA bond rating that it uses to finance capital projects, including school construction and maintenance.

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