Forsyth County has received the highest bond rating possible for all major rating agencies.
Officials recently announced the county had received the highest possible ranking from Fitch Ratings, after previously having the highest ratings from Moody’s and S&P.
“A strong local economy with a diverse tax base, coupled with healthy reserves and conservative financial management practices were critical in achieving these ratings,” said Forsyth County Manager Eric Johnson in a news release. “My congratulations go to our finance staff under the leadership of Chief Financial Officer David Gruen.”
The county received a Aaa rating from Moody’s and AAA from S&P when reports were issued in July following visits from the agencies.
According to county officials, “a subsequent six-year bond issue of nearly $100 million for SPLOST projects was sold with a ‘true interest cost’ of 0.95%, or less than 1% annual interest.”
Fitch visited the county in November and toured county water production and reclamation facilities ahead of a proposed $130 million bond for the water department.