Georgia maintains the highest possible AAA bond ratings from credit rating agencies, making it one of ten states that issue general obligation bonds to meet this standard.
In addition, they received a stable outlook from three of the main credit rating agencies: Fitch Ratings, Moody’s Investors Service, and S&P Global Ratings.
These ratings allow the state to sell its bonds at the lowest possible interest costs when bidding occurs on June 27.
The upcoming sale of these bonds will fund $671 million in capital projects like K-12 and higher education, public safety, and economic development projects.
If interest rates permit, it will also refund outstanding bonds to achieve debt service savings on a portion of Georgia’s outstanding debt.
