MEDIA CONTACTS:
- Andrew Cauthen, Communications Manager, [email protected], 470-553-4408 (c)
- Quinn Hudson, Chief Communications Officer, [email protected], 470-522-8923 (c)
- Sloan Turner, Public Relations Specialist, [email protected], 470-393-8348 (c)
FOR IMMEDIATE RELEASE
December 6, 2022
DeKalb Receives “Stable” Credit Rating for Water and Sewer Bonds
Prudent financial management highlighted as a key factor
DECATUR, Ga. — Moody’s Investors Service has assigned an Aa3 credit rating to DeKalb County’s planned $552 million water and sewer bonds. In a recent announcement, Moody’s stated the outlook on the revenue bonds is “stable.”
According to Moody’s announcement, the stable outlook on the county’s ratings reflects Moody’s expectations that a “strong economic base, prudent financial management and capital planning and future revenue growth will help mitigate the substantial borrowing.”
“With the support of the Board of Commissioners, DeKalb County will be able to acquire financial resources needed to complete the work detailed in the federal consent decree modification,” DeKalb CEO Michael Thurmond said.
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