Johns Creek has received the highest possible credit ratings after separate reviews of the city’s credit and financial standing by analysts of Moody’s Investor Service and Standard & Poors Global Ratings.
Having applied for its first credit rating after voters in November approved a $40 million parks bond issue, Johns Creek became one of four cities in Georgia to be assigned Moody’s Aaa rating, and one of six cities in the state to get an S&P AAA rating, city officials said.
The ratings mean lower interest rates for the debt than might otherwise be the case. The city plans to use the proceeds to build out five new parks and refurbish four existing parks.
“These ratings are a direct reflection of 10 years of sound fiscal policy and planning, which has been envisioned by our elected representatives and carefully implemented by our management and staff,” said Mayor Mike Bodker.
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