January 17, 2017, Atlanta - The array of names on the front of the round desk in the Gwinnett County Justice Department’s auditorium in Atlanta, Georgia, on Tuesday, January 17, 2017. (HENRY TAYLOR / HENRY.TAYLOR@AJC.COM)
Photo: The Atlanta Journal-Constitution
Photo: The Atlanta Journal-Constitution

Gwinnett gets super-exclusive bond rating for 21st straight year

For the 21st straight year, Gwinnett County has joined an uber-exclusive club.

The county recently announced it had attained a “Triple AAA” bond rating, meaning it earned the top possible grade from all three bond rating agencies (S&P, Moody’s and Fitch). Gwinnett officials said it is one of fewer than 50 counties nationwide to earn the distinction.

There are roughly 3,000 counties in the country.

MORE GWINNETT COVERAGE: Gwinnett approves historic transit plan. So when’s the referendum?

“The Triple AAA bond rating means the county can borrow money at most favorable interest rates at the time the bonds are issues, and also refinance the bonds when the market improves and interest rates drop,” Gwinnett financial services director Maria Woods said in a news release. 

As said release pointed out, the new ratings comes as the county and its development authority seek their first construction bonds in nearly a decade. The county hopes to issue $96.1 million in bonds to fund expansions on the Infinite Energy Center campus.

“To receive a Triple AAA bond rating is a strong vote of confidence by independent experts that Gwinnett County is well-managed, fiscally strong and a solid investment,” Commission Chairman Charlotte Nash said. “This is a very difficult rating to achieve.”

The more than $5 billion potential road map for new transit, for the first time, includes commuter rail service.

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