Cobb schools receives top rating from credit service

Moody’s has given the Cobb County School District its highest credit rating, district officials said Friday.

According to a release by the district, the AAA rating from Moody’s is the highest a government entity can receive. It also is the first time the district has received the top rating. District officials credit the rating to the district’s diverse and large tax base, sound reserve position characterized by conservative budgeting and no long-term debt.

“Financial Services has been working on this project for two years, and this achievement reflects the hard work, professionalism, and ‘never give up’ attitude of the entire financial services management team,” said Brad Johnson, chief financial officer for the Cobb County School District.

Just 71 of 13,588 school districts, about .5 percent, hold the AAA credit rating from Moody’s.

About the Author

Georgia students still outpacing national average on ACT. See results by school.

Find out how your child's school and district performed on the college entrance exam.

Atlanta HBCUs win millions from White House — but it could be at others’ expense

The additional allocation from the Trump administration will bring federal HBCU funding to a total of more than $1.34 billion in fiscal year 2025.

Georgia’s public universities hit record high for graduates

The University System of Georgia is also expected to set another record for enrollment when numbers are announced in November.

The Latest

Credit: HYOSUB SHIN / AJC

Georgia students still outpacing national average on ACT. See results by school.

Georgia’s public universities hit record high for graduates

State gives cash-strapped Georgia school system ‘unprecedented’ $1.45M advance

Featured

Credit: Jason Getz / Jason.Getz@ajc.com

Inside the team that transforms State Farm Arena overnight, from games to concerts

State Farm Arena's conversion team assembles and reassembles the basketball court, constructs and deconstructs stages, arranges and rearranges floor seating for each event.

10m ago

Some ‘No Kings’ protests may snarl traffic Saturday. Here’s how to get around.

"No Kings" protests are scheduled within metro Atlanta Saturday, and some have the potential to tie up traffic. Here's how to get around some of the larger ones.

Georgia students still outpacing national average on ACT. See results by school.

Find out how your child's school and district performed on the college entrance exam.

Education

Cobb school system receives top credit rating

Georgia students still outpacing national average on ACT. See results by school.

Atlanta HBCUs win millions from White House — but it could be at others’ expense

Georgia’s public universities hit record high for graduates

Georgia students still outpacing national average on ACT. See results by school.

Georgia’s public universities hit record high for graduates

State gives cash-strapped Georgia school system ‘unprecedented’ $1.45M advance

Inside the team that transforms State Farm Arena overnight, from games to concerts

Some ‘No Kings’ protests may snarl traffic Saturday. Here’s how to get around.

Georgia students still outpacing national average on ACT. See results by school.