Cobb again earns Triple AAA credit rating from rating agencies

Cobb County Earns AAA Credit Rating for 27th Consecutive Year

Marietta, Ga. (Sept. 12, 2024) - For the 27th year in a row, Cobb County has been awarded a AAA credit rating by the nation's top credit rating agencies, marking the highest level of creditworthiness.

This prestigious rating benefits Cobb County residents by lowering the county's borrowing costs, attracting investments, and offering greater financial flexibility in emergencies or other unusual circumstances.

The New York-based agencies-Fitch, S&P, and Moody's-cited Cobb County's sound financial practices, diverse economy, and strong budgetary reserves in their reports. "The rating reflects our view of Cobb County's consistent positive financial performance and maintenance of robust reserve levels," S&P's report stated. "These are supported by well-integrated financial management practices and a robust economy. Economic growth continues, driven by ongoing business investments, new construction, and population spillover from Atlanta."

Cobb County's Chief Financial Officer Bill Volckmann, Deputy CFO Buddy Tesar, Chairwoman Lisa Cupid, and County Manager Dr. Jackie McMorris traveled earlier this year to meet with representatives from the three main rating agencies.

Cobb County is one of only three counties in Georgia with AAA ratings from all three agencies. It is believed to be among a select few counties or municipalities nationwide to achieve such a longstanding streak of AAA credit ratings.