Moody’s Investors Service said it has assigned a Aa3 rating to Oconee County, Ga.’s $19.6 million of Series 2008 revenue bonds for the Oconee-Hard Labor Creek Reservoir Project issued through the Walton County Water and Sewerage Authority, and upgraded the county’s long-term general obligation rating to Aa3 from A1, affecting $11.1 million of parity debt.

The bonds are secured by the county’s general obligation pledge provided through an intergovernmental contract with the authority.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.