Cobb County government will receive a AAA financial rating for 20th consecutive year.
This rating is the highest credit rating in the nation determined by leading financial analysts on Wall Street, according to a county government statement released recently.
Cobb County is one of two counties in Georgia to receive this rating and among 45 counties in the U.S.
A report from Moody’s Investor Services commends Cobb’s healthy financial position, noting the county’s financial management and proactive fiscal policies.
The ratings also are based on the diversity of the county’s economic base, including a wide range of public and private sector employers; an unreserved general fund balance maintained at a required nine percent and a low debt burden.
The Moody’s opinion also notes that Cobb’s tax base will continue to increase due to the growing development around SunTrust Park, the new home of the Atlanta Braves that will open in the spring.
Last year, the private sector invested more than $300 million in the Cumberland area, the county statement said.
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