MARIETTA — All of the “Big Three” credit rating agencies have once again reaffirmed Cobb County Government’s AAA bond rating, county Finance Director Jim Pehrson announced at Tuesday’s Board of Commissioners meeting. Standard & Poor’s joined Moody’s and Fitch Ratings, which had previously reaffirmed their AAA rating.
Cobb has had the highest rating available with Moody’s since 1995, Fitch since 1996 and Standard & Poor’s since 1997. The county’s bond rating affects its costs to borrow money, which is important because the county collects taxes at the end of the fiscal year, meaning it has to borrow money at the beginning of the year. A strong bond rating allows for lower interest rates. Chairman Tim Lee said the county is one of only 36 counties in the country to maintain a “Triple AAA” rating.
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South Cobb, including Smyrna, Mableton, Austell & Powder Springs are all SLUMS!!
All have been resettled by illegal aliens, that have run things down to the point the door is wide open for nothing but riff-raff to flood in.
And flooding in, it is!!
The aaa rating only applies to business dealings that involve the chamber, the cids & the fat cats!
As long as they do it judiciously and only when necessary that's a good thing for the taxpayers.
I am talking about other situations where the borrowing might be for wants instead of needs.
Thanks Pollyanna.
AAA yeah right. If the money has Art Linkletters picture on it its triple a.
What a joke.
You have no idea how difficult it is to achieve and maintain this rating especially in these difficult times. It is an independent acknowledgement that the local government is in sound financial shape. It does not mean everything is going to be easy or that there is money available for unlimited services. It does mean that even in these difficult times, they are taking the necessary steps to remain financially strong and are able to meet all their financial obligations. If the Federal government were run like this we would be flourishing as a Country. The joke is you don't have any idea what this means and yet you comment on it like you do. Please educate yourself before you comment.