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.