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Gwinnett gets top credit ratings

By
Aug 16, 2012

Three credit rating agencies have renewed their top ratings for Gwinnett County government.

Moody's, Standard and Poor's and Fitch Ratings recently gave the county top marks as it seeks to take advantage of low interest rates and refinance a 2003 bond used to pay for a jail expansion. Gwinnett could save as much as $1.8 million in interest by refinancing the debt.

Among other things, Moody's cited Gwinnett's ample reserves, conservative budget assumptions and diligent budget monitoring. Gwinnett has maintained its top credit rating since 1997.

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.

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