Henry County’s bond rating has been raised to stable from no outlook with Moody’s Investors Service.
The south metro community said earlier this week that Moody’s upgraded its bonding from Aa1 to triple A, a reflection of improving reserves levels and its growing tax base.
“During the last two budget cycles, we have stressed the importance of our financial position and specifically the importance of financial policies, the careful use of fund balance and working toward an Aaa credit rating,” County Manager Cheri Hobson-Matthews said in a statement.
“I am pleased to announce that Henry County has been upgraded to a Aaa rating. This is credited to our County being in a robust financial position,” she said.
Henry County Financial Services Director David Smith said 117 counties across the nation have a triple A bond rating with Henry the sixth Georgia county to earn the rating.
“Being upgraded to the highest financial rating means that the county can borrow money at a more advantageous interest rate, if it chooses to do so,” Smith said.
About the Author
