Cobb County -- For the 15th consecutive year, Cobb County has achieved "Triple AAA" ratings for its general obligation bonds from the nation's three major rating agencies -- Standard & Poor's, Fitch Ratings and Moody's Investment Service. Cobb is among the top 1 percent of counties nationwide with only about 20 counties achieving this feat.
"While the rating is specific to general obligation bonds, it really is a measure of the overall health of the organization from top to bottom," Jim Pehrson, finance director, said. "Every employee of this county plays an integral part in helping us achieve and maintain this elite rating. A triple AAA rating is highly-coveted and ranks Cobb as one of the top counties in the country."
In 2001, the Cobb County Water System also became the first in the nation to earn "Triple AAA" ratings for an unenhanced water and sewer system from the bond rating agencies. These ratings assure that when the county goes to the bond market, it will get the lowest rate possible, which translates to saving taxpayers millions of dollars in interest costs.
Source: http://mableton.11alive.com
"While the rating is specific to general obligation bonds, it really is a measure of the overall health of the organization from top to bottom," Jim Pehrson, finance director, said. "Every employee of this county plays an integral part in helping us achieve and maintain this elite rating. A triple AAA rating is highly-coveted and ranks Cobb as one of the top counties in the country."
In 2001, the Cobb County Water System also became the first in the nation to earn "Triple AAA" ratings for an unenhanced water and sewer system from the bond rating agencies. These ratings assure that when the county goes to the bond market, it will get the lowest rate possible, which translates to saving taxpayers millions of dollars in interest costs.
Source: http://mableton.11alive.com
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