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Standard & Poor (S&P), Moody’s and Fitch each provide county with highest rating in 2019


Forsyth County has received a AAA rating, the highest bond rating possible, from credit rating agency Fitch Ratings. With the recognition, the county has now received the highest bond ratings, and the resulting lowest cost of borrowing, from all three major U.S. bond rating services (Moody’s, S&P and Fitch) in 2019.

 

Bond ratings provided by Moody’s (Aaa) and S&P (AAA) were issued in mid-July following visits from both agencies in June. A subsequent six-year bond issue of nearly $100 million for SPLOST projects was sold with a “true interest cost” of 0.95%, or less than 1% annual interest.

 

County staff hosted Fitch Ratings in November and the county tour was expanded to include water production and reclamation facilities as the county prepares to issue bonds for $120 million for Water Department system improvements.

 

“A strong local economy with a diverse tax base, coupled with healthy reserves and conservative financial management practices were critical in achieving these ratings,” said Forsyth County Manager Eric Johnson. “My congratulations go to our finance staff under the leadership of Chief Financial Officer David Gruen.”

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    As trusted stewards of Forsyth County’s future, the elected officials and employees are dedicated to serving the community and to providing effective, professional public service with integrity and a commitment to excellence. 

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    Forsyth County is committed to providing and maintaining the most efficient, customer service-oriented county government possible. The county will be an innovative and strategic leader in providing essential and effective public services in a fiscally prudent and professional manner. By preserving and enhancing a high quality of life, Forsyth County will remain a healthy, safe and compelling place in which to live, work, recreate, visit and invest.