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.
“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.”
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