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The Local Agenda: S&P upgrades Hall Countys bond ratings
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Hall County recently got an upgrade from Standard & Poor’s Ratings Services, one of the leading credit rating agencies in the country, for bonds and debts it owes. S&P raised its long-term rating on general obligation bonds issued by the Gainesville-Hall County Development Authority and the Hospital Authority of Hall County and city of Gainesville to AA- from A+. The agency also raised the appropriation-backed debt issued by the development authority to A+ from A. “We view the county’s budgetary flexibility to be very strong, supported by strong budget performance and very strong liquidity,” S&P credit analyst Jaime Trejo said in a statement.