Hall County’s Issuer Default Rating (IDR) has been upgraded by Fitch Ratings to AA+ from AA, citing the County’s upgrade reflects its “natural revenue growth, solid expenditure flexibility, very low long-term liability burden, and its healthy level of reserves available to close budgetary gaps in the event of a fiscal stress.”
The upgraded rating signifies Fitch’s expectation for the County’s high financial flexibility, which allows the County to effectively address any unexpected short-term spending pressures while maintaining intergovernmental contracts.
“This upgraded credit rating serves as supporting evidence to the County’s strong fiscal management by Hall County elected officials and staff,” Hall County Board of Commissioners Chairman Richard Higgins said. “It is important we maintain a strong financial stance in order to properly serve the citizens of Hall County and act as responsible stewards of the public’s funds.”
According to the opinion released Wednesday by Fitch, Hall County’s upgrade is backed by its robust growth in population and developments, which has supported improved revenue trends and additional spending to meet its growth-driven needs.
“This upgrade is a great accomplishment for Hall County and affirms the Board of Commissioners' strong financial leadership and overall strategic vision for the County,” Hall County Administrator Zach Propes said. “I am thankful to be a part of an organization and team focused on financial excellence.”