Forsyth bonds receive top rating

Moody’s Investors Service has assigned a Aaa rating and stable outlook to Forsyth County’s $16.6 million general obligation bonds and Sewerage Authority’s $27.4 million refunding revenue bonds. Moody’s said the assignment of their highest-quality rating reflects the county’s sound financial picture.

The $16.6 million in general obligation bond proceeds represent the remainder of the $100 million Parks, Recreation and Green Space Bond approved by voters in 2008. The Water and Sewer bonds will refund bonds from two series of outstanding debt for an expected net present value savings of just under $2 million.

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