Moody’s Investors Service has announced that the outlook on Forsyth County’s Aaa rating has been confirmed as stable.
Forsyth County was among the states, counties and cities whose rating outlooks were reassessed due to having been identified as indirectly linked to the U.S. government.
Due to this indirect linkage, the rating outlooks were reviewed to determine whether they would be confirmed as stable or potentially downgraded to negative.
In a statement, County Commission Chairman Brian Tam said Forsyth’s "strong financial condition, as illustrated by Moody’s Aaa rating, is certainly something of which we can all be very proud."
"The county is fortunate to have a dedicated, talented staff and an outstanding management and legal team," Tam said.
"Through their counsel and the board policies that are in place, confirmation of the county’s stable outlook was achieved."
Forsyth County is one of just three Georgia counties with the Aaa rating from Moody’s.
The county receives ratings from both Moody’s and Standard and Poor’s, which labels Forsyth an AA+, one step below Moody’s.