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Tuesday, March 22, 2011

Cobb Receives Highest Rating for Financial Stability

Fitch Ratings, an international rating agency, recently reaffirmed Cobb County's excellent financial management efforts by giving the county's general obligation bonds its highest rating of AAA.

Since 2008, Fitch Solutions has distributed Fitch Ratings' credit ratings, research and data through a variety of platforms. Fitch is dual-headquartered in New York and London with offices worldwide.

"The county demonstrates strong long-term credit characteristics, including proactive and prudent financial management, a growing and diverse area economy, a low debt burden and a low operating tax rate that provides additional flexibility," the company said in a statement.

Source: http://northeastcobb.patch.com

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