S&P Raises Fulton County’s Debt Rating to AA+ | Print |

S&P Global Ratings has announced that it has raised its long-term rating on Fulton County’s general obligation debt to 'AA+' from 'AA.'

“Fulton County is stronger than ever,” said Chairman John H. Eaves. “Our economy is thriving and businesses continue to seek us out. Our Board of Commissioners is fully committed to fiscally responsible leadership on behalf of our citizens.”

S&P Global Ratings based the increased rating on a stronger economy and finances. One of the financial factors cited in the upgrade was Fulton County’s revised fund balance policy, implemented in 2015 through a resolution initiated by Commissioner Bob Ellis.

“This debt rating upgrade demonstrates the importance of our ongoing efforts to maximizing the efficiency of our operations,” said Commissioner Ellis. “I am pleased to see this recognition of our efforts in stronger fiscal management.”

Fulton County Manager Dick Anderson noted, “We are grateful for the leadership of the Board of Commissioners in making sound financial policies, as well as the hard work of our award-winning Finance Department.”

Fulton County Chief Financial Officer Sharon Whitmore noted, “With the upgrade in place, we will emphasize the continued efforts required to maintain the upgrade during the next review period, including our financial control policies and a focus on long range planning.”

The rating came along with increased ratings for several other agencies for which Fulton County is a key financial stakeholder, including the Fulton-DeKalb Hospital Authority, Fulton County Facilities Corp., and the Fulton County Recreation Authority.