Financial rating firm Fitch Ratings recently confirmed Cobb County’s status as a “AAA” rated county for the 24th straight year. This represents the highest rating possible for the county’s financial outlook. Other rating agencies have indicated they will also follow suit. The Fitch Ratings analysts cited Cobb County’s history of conservative budgeting and proactive measures in the face of an uncertain economic future caused by the coronavirus pandemic.
“The county is well-positioned to withstand the current period of economic weakness due to its sound reserves and superior inherent budget flexibility,” the
agency said in a news release.
“The fact that we had our AAA rating reaffirmed during the most challenging economic time in a dozen years shows the fiscal soundness of the county,” Cobb
Chairman Mike Boyce said. “It is a tribute to our staff, the board and our work with the community to make sure we continue to show diversity in our county’s
economic base.”
