Agencies renew Gwinnett's top credit rating
Three agencies have given Gwinnett County top credit ratings as it prepares to refinance $166 million in debt.
Fitch Ratings, Standard & Poor’s and Moody’s Investors Service reaffirmed Gwinnett’s AAA bond ratings, which it has held since 1997. The high rating means the county can borrow money at better interest rates.
County Commission Chairwoman Charlotte Nash said the ratings are attributable to Gwinnett’s “long history of sound financial management.”
County officials are refinancing the debt to take advantage of lower rates. They say refinancing could save the county up to $7.5 million.
About the Author
David Wickert writes about the state budget, finance and voting issues. Previously, he covered local government and politics in Gwinnett and Fulton counties. Before moving to Atlanta, he worked at newspapers in Illinois, Tennessee, Virginia and Washington.
