City of Sandy Springs Earns Top Credit Rating
August 19, 2022
SANDY SPRINGS, Ga. (Aug. 19, 2022). The City’s long-term credit rating has been upgraded to ‘AAA” from Standard & Poor’s (S&P) Global Ratings. ‘AAA’ is the highest rating possible for a municipality.
According to the report issued by S&P Global Ratings, “Sandy Springs has demonstrated fiscal prudence and economic resilience, while continuing to leverage its large, diverse, growing tax base over its 15-year life as a city, producing consistently strong financial results and growing its very strong financial position. The stable outlook reflects our view of the city's strong economic metrics, established robust financial profile, and continued conservative budgeting practices with no plans for near-term debt, all of which we expect will be sustained over at least the medium term”.
“The credit rating upgrade is a result of our sound fiscal management policies and budgetary principles,” said Sandy Springs Mayor Rusty Paul. “Sandy Springs is proud to receive recognition for its commitment to financial stability and is a testament to the City’s strong and vibrant economy. “
This is the City’s second Triple A-rating. Moody’s awarded its highest rating to Sandy Springs in 2015, and was affirmed in 2020. The City of Sandy Springs is one of six municipalities in Georgia, and 112 in the US with AAA/Aaa ratings from S&P and Moody’s respectively.
For more information about the City of Sandy Springs, please visit us online at sandyspringsga.gov, or call the Citizen Response Center at 770-730-5600. Follow breaking news and traffic alerts on Twitter and community news on Facebook, both @SandySpringsGA.
