DeKalb water and sewer bonds get "A+"
A credit rating agency has given DeKalb County government's recent water and sewer revenue bonds a strong, though not perfect, grade.
Standard & Poor’s Financial Services notified DeKalb officials that it was giving a long-term "A+" to the county's 2011A series bonds. The agency gave the county's other water and sewer revenue bonds a "AA-."
An "A" indicates a "strong" ability to meet debts but susceptibility to adversity and change. S&P attributed "solid operations" to the new ratings, but county CEO Burrell Ellis said the grades also recognized cost-cutting.
About the Author
Ty Tagami is a staff writer for The Atlanta Journal-Constitution. Since joining the newspaper in 2002, he has written about everything from hurricanes to homelessness. He has deep experience covering local government and education, and can often be found under the Gold Dome when lawmakers meet or in a school somewhere in the state.
