Gwinnett earns top ratings for refinancing bonds

According to a recent press release, all three major financial ratings agencies have for the 22nd consecutive year placed Gwinnett County’s finances in the top two percent of all U.S. counties.

Board of Commissioner Chair Charlotte Nash said the ratings are a strong vote of confidence by independent experts that Gwinnett is well-managed, fiscally strong and a solid investment.

The AAA/Aaa ratings follow the County’s Water and Sewerage Authority efforts in September to refinance $128.5 million in bonds issued in 2009. The county expects to save about $20 million over the life of the bonds.

Financial Services Director Maria Woods said, “These ratings allow us to borrow and refinance at the most favorable rates thanks to smart debt management and financial policies adopted by the Board of Commissioners.”