Moody’s Investors Service has given the city of Sandy Springs an “Aaa” long-term credit rating, the highest rating for a city, Sandy Springs city officials announced.

“The rating reflects the economic strength of our community and sound, conservative management of our taxpayer dollars,”  Sandy Springs Mayor Rusty Paul said in a press release. “Sandy Springs is a hub of economic strength, through the businesses that call our city home to the people who live and work here, creating a strong, vibrant community. And as a 10-year-old city, we are extremely proud to receive Triple-A rating following our first review.”

The rating comes in advance of the city’s planned issuance of approximately $160 million in revenue bonds to finance the City Springs development, the city noted, and should save the city “hundreds of thousands of dollars” in interest expense.

Joe Earle

Joe Earle is Editor-at-Large. He has more than 30-years of experience with daily newspapers, including the Atlanta Journal-Constitution and was Managing Editor of Reporter Newspapers.