Atlanta Business Chronicle:
Moody’s, Fitch, and Standard & Poor’s. Perdue’s office said the rating agencies credited the state’s active management of the budget, including withholding allotments to agencies to ensure expenditures do not exceed revenues.
Georgia has again retained its three triple-A bond ratings from all three rating agencies, Gov. Sonny Perdue’s office reported Monday.
Georgia is one of a few states to maintain the highest bond ratings possible from
AAA ratings mean the state typically pays very low interest rates on its debt.
The ratings come before this week’s sale of up to $975 million in bonds, including a refunding component and funding for capital projects authorized in the state’s fiscal 2010 and 2011 budgets. Projects include local school construction, higher education facilities, and public safety projects.
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