Macon-Bibb's General Obligation Rating Raised

Wednesday, June 16th, 2021

S&P Global Ratings raised its rating on Macon-Bibb County’s general obligation rating from A to AA-, which is two full notches, based on its recent improvements to its current financial situation and future outlook. In addition to the rating increase, Macon-Bibb County was given a “Stable Outlook,” which speaks to the direction of the government’s finances.

 “This is a huge step in improving our consolidated government because it shows that what we’re doing with our finances is making us a stronger community, something people told me over and over again that past several years,” says Macon-Bibb County Mayor Lester Miller.

In its report, S&P wrote, “The two-notch upgrade reflects Macon-Bibb County's improvement in available reserves, which have risen to a very strong level from a weak level over the course of three fiscal years. The improved flexibility occurs as a result of improved budgetary practices and management's approach in rebalancing the county's financial performance following the 2014 county consolidation.”