One of only 40 counties in the nation to achieve this status, Cobb County has received a Triple A bond rating for the 19th consecutive year by the nation's top three bond-rating agencies.
These credit ratings by Moody's, Fitch Ratings and Standard and Poor's are the highest available, Cobb's new Communications Department Director Sheri M. Kell wrote in an Aug. 20 news release.
The ratings are the result of the agencies' extensive review of Cobb's financial operations and creditworthiness, including reviews of its financial management plans, adopted budgets and comprehensive annual financial report, Kell added.
"This is a testament to sound fiscal management, leadership and a robust local economy," Cobb Commission Chairman Tim Lee said in the news release.
Cobb Finance and Economic Development Director James Pehrson also wrote in the news release, "It is extremely rare for a county to achieve these highly coveted credit ratings for nearly 20 consecutive years. The one constant within Cobb County over this period of time has been the leadership of County Manager David Hankerson."
"These ratings are reflective of the operations of the entire county, beginning with the Board of Commissioners and County Manager, cooperation from the elected officials, agency directors and department managers along with a dedicated staff of employees throughout the entire county," Pehrson added.
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