Metro Atlanta
Metro Atlanta

DeKalb County credit rating improves

DeKalb’s GIS Department has earned a national wward for its web-mapping platform that aims to improve county response times.
DeKalb’s GIS Department has earned a national wward for its web-mapping platform that aims to improve county response times.
By
July 24, 2018

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.

VIDEO: In other DeKalb news

DeKalb County School said it hopes to save parents a lot of time and get students ready to learn.

“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.”

About the Author

Tia Mitchell is the AJC’s Washington Bureau Chief. In this role, she writes about Georgia’s congressional delegation, campaigns, elections and the impact that decisions made in D.C. have on residents of the Peach State.

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