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Bond Rating Drops (Dekalb County, Georgia)

AJC today. Sign of the times. Author Megan Metteucci says, "The ranking still places DeKalb among the top 70 of the about 3,000 credit-ranked counties in the U.S., according to Bell. DeKalb used to be in the top 50." But, she continues, "Moody’s also dropped the county’s “outlook” from stable to negative, meaning that DeKalb’s finances are not so steady. “It’s not good news,” county Finance Director Mike Bell said. “We hear what they are saying, and what they are saying is we need to cut expenses and raise our revenue.”"

Posted Thursday Dec 17