ATLANTA – The “Big Three” bond rating companies again have given Georgia the highest rating of AAA, praising the state’s commitment to fiscal responsibility and record of economic growth and job creation.
“The ‘AAA’ long-term rating reflects our view of Georgia’s demonstrated resilient budgetary performance across credit cycles, coupled with responsible fiscal management that has enabled the state to make timely adjustments to general fund expenditures,” wrote S&P Global Ratings, which gave Georgia its highest credit score along with Moody’s and Fitch Ratings.
“The rating also incorporates our view of the state’s favorable population growth trends, and ability to attract diversified business developments and expansion within Georgia’s already large and diverse economic base, and our expectation that the state’s annual growth rates will match or be slightly above that of the nation.”
