Lowndes Co., Ga., Lifted To AA-Minus by S&P

Standard & Poor’s raised its underlying ratings to AA-minus from A-plus on the Lowndes County, Ga., Public Facilities Authority’s and Central Valdosta Development Authority’s revenue bonds, and Lowndes County’s general obligation bonds.

Analysts cited the county’s continued financial strength and ability to manage its budget and debt obligations effectively. The outlook is stable.

The agency also assigned a AA-minus rating and stable outlook to the Valdosta-Lowndes County Industrial Authority’s $15 million of Series 2008 economic development taxable revenue GOs, issued for the county.

 

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