For the 13th consecutive year, Cobb County has achieved "Triple AAA" ratings for its general obligation bonds from the nation's three major rating agencies -- Standard & Poor's, Fitch Ratings and Moody's Investment Service. Cobb is among the top 1 percent of counties nationwide with only about 20 counties achieving this status. "This is independent evidence that the county is fiscally strong and doing what we need to do to stay that way," Cobb County Finance Director Brad Bowers said.
In 2001, the Cobb County Water System also became the first in the nation to earn "Triple AAA" ratings for an unenhanced water and sewer system from the bond rating agencies. These ratings assure that when the county goes to the bond market, it will get the lowest rate possible, which translates to saving taxpayers millions of dollars in interest costs.
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