Chief Financial Officer David Gruen announced that Forsyth County has again received the highest bond ratings available from Moody’s (Aaa) and S&P (AAA).
The agencies conducted their reviews of the county in late June and provided the credit ratings mid-July.
“These ratings help ensure that Forsyth County is able to finance our bonds at the lowest interest rates available,” said Gruen. “Ultimately this means savings for Forsyth County taxpayers.”
Agencies such as Moody’s and S&P base their ratings on a number of factors that include financial, economic, managerial and institutional.
Items that influenced the ratings in 2019 include:
• Strong county management, financial policies and practices
• Several large private employers, including a growing technology sector
• Moderate residential growth
• High wages and low unemployment for residents