With an AAA bond rating recently awarded by Fitch Ratings, Forsyth County has received the highest scores from all three major U.S. bond rating services, according to a county announcement.
Strong bond ratings should mean reduced borrowing costs. Forsyth in July won a Aaa rating from Moody’s and an AAA rating from Standard & Poor’s. A six-year bond issue of nearly $100 million for SPLOST projects subsequently was sold with a “true interest cost” of 0.95%, officials said.
“A strong local economy with a diverse tax base, coupled with healthy reserves and conservative financial management practices, were critical in achieving these ratings,” said Forsyth County Manager Eric Johnson.
Fitch Ratings visited Forsyth in November, and Forsyth staff gave them a tour that included water production and reclamation facilities as the county prepares to issue bonds for $120 million in Water Department improvements, officials said. Information: https://bit.ly/38lWJn5
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