County of Oconee issued the following announcement on July 27.
Oconee County Government has received a bond rating upgrade from Aa2 to Aa1 from Moody’s Investors Service. This bond rating reflects the fiscal stability and positive financial outlook of Oconee County and is the second highest rating on the Moody’s scale. Oconee County is the smallest county in Georgia to receive a Aa1 bond rating.
Moody’s assigned the Aa1 rating to Oconee County’s $12.5 million General Obligation Bonds, Series 2021, and upgraded the county’s general obligation unlimited tax (GOULT) and general obligation limited tax (GOLT) ratings to Aa1 from Aa2. Proceeds of the 2021 bonds will finance capital improvements in the county.
“The Oconee County Board of Commissioners is pleased that Moody’s has recognized Oconee County’s ongoing commitment to fiscal responsibility with this bond rating upgrade,” said Chairman John Daniell.
Original source can be found here.
Source: County of Oconee
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