Forsyth County receives highest bond ratings from major rating agenciesFeatured Stories February 12, 2022
FORSYTH COUNTY, Ga. – When Forsyth County Water and Sewer Authority issues $94.7 million in bonds this quarter for Water & Sewer systems improvements. The County’s excellent credit ratings will make the bonds more attractive to potential investors.
Two of the nation’s major credit agencies affirmed Forsyth County’s perfect bond rating this week with a AAA rating from S&P and a Aaa rating from Moody’s. This follows a AAA rating from Fitch, the third primary credit rating agency, in September 2021.
With this recognition, the County has now affirmed the highest possible bond ratings it received in 2019, and the resulting lowest cost of borrowing, from all three major U.S. bond rating services. It also becomes one of only a handful of counties in Georgia to receive this designation.
“Forsyth County’s perfect bond rating is a testament to our strong local economy, diverse tax base and responsible financial management,” said County Manager Kevin Tanner. “Congratulations to Chief Financial Officer Marcus Turk and the finance staff on this outstanding achievement.”
In its announcement of Forsyth County’s bond rating, Moody’s noted, “The stable outlook reflects the likelihood that the county’s financial position will remain strong, supported by growth in the county’s large tax base, given the county’s proximity to Atlanta.”
Leave a comment