Two credit rating companies have updated their outlook on DeKalb County’s ability to pay back its debts from stable to positive, the county announced.
Moody's Investors Service gave DeKalb the highest rating possible for short-term municipal bonds, the county said in a news release. Fitch Ratings also made note that improved budget management and an increase in rainy-day funds warranted a more positive outlook on the county's finances.
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“The improved outlook shows that DeKalb is getting its fiscal house in order,” DeKalb CEO Michael Thurmond in the news release. “Our efforts to eliminate deficit spending, rebuild cash revenues and reduce the burden on county taxpayers are important steps to support long-term economic growth in DeKalb.”
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