Credit agencies maintain Georgia's AAA bond rating
ATLANTA (AP) — Georgia has maintained top marks from credit-rating agencies, letting the state sell $1.37 billion in bonds with low interest rates for various projects.
Gov. Nathan Deal's office announced Wednesday that credit-rating agencies Moody's, Fitch and Standard & Poor's gave the state a AAA rating. Deal says that means lower interest payments on construction projects around the state.
The work includes construction on Georgia's roads and bridges and at state universities and technical colleges.
The credit-ratings agencies cited Georgia's economy and a growing "rainy day fund," both priorities for Deal.
The Republican has said he wants Georgia's emergency fund to reach $2 billion before the end of his final term in 2018.